3 ms·

1. Taxes are not theft. 2. No man/woman is an island. They did not create their success on their own. 3. Marginal utility of dollars. Taking 90 cents from tha

by dlp211 6y ago

1. Taxes are not theft. 2. No man/woman is an island. They did not create their success on their own. 3. Marginal utility of dollars. Taking 90 cents from that person and giving it to someone that is not as well off is better for the economy and our society. 4. Marginal propensity to spend. Again, that $.90 is far more valuable being spent today than in capital investment. Capital is no longer a scarce resource. 5. These levels of tax rates don't in any way make that person worst off because everyone making that amount of money are subject to the same tax levels.

umvi 6y ago
Not legally theft, but conceptually the same thing. If I pass a law that says you and only you get taxed at a 100% rate, technically it's not theft because it's legal (I just passed it as a law), but conceptually it is theft because I take every dollar you earn against your will. Also aren't you essentially saying: "People that have hundreds of millions or billions can keep their wealth, but starting now we don't really want anyone in the rising generations to have a net worth much more than ~$25MM"?
- dlp211 6y ago
  Your first is an appeal is an appeal to the extreme fallacy. A law like that would never pass in a functioning democracy, and if our democracy isn't functioning, then I would say we have bigger problems than a single person be taxed of all their earnings. Your second point would matter if making income is that was how people became billionaires. That simply isn't the case. The vast, vast, majority of people with a 9-digit or more net wealth did not get there by income. I also advocate for other taxes and methods of taxation that would handle high net-worth individuals/families. I'm not looking for a perfect system, nor am I looking for a system that appeases everyone's idea of fairness, I'm advocating the system that I think is best for America moving through the 21st century and the threats it will face this century.

by dlp211 6y ago

umvi 6y ago

Not legally theft, but conceptually the same thing. If I pass a law that says you and only you get taxed at a 100% rate, technically it's not theft because it's legal (I just passed it as a law), but conceptually it is theft because I take every dollar you earn against your will. Also aren't you essentially saying: "People that have hundreds of millions or billions can keep their wealth, but starting now we don't really want anyone in the rising generations to have a net worth much more than ~$25MM"?

dlp211 6y ago
Your first is an appeal is an appeal to the extreme fallacy. A law like that would never pass in a functioning democracy, and if our democracy isn't functioning, then I would say we have bigger problems than a single person be taxed of all their earnings. Your second point would matter if making income is that was how people became billionaires. That simply isn't the case. The vast, vast, majority of people with a 9-digit or more net wealth did not get there by income. I also advocate for other taxes and methods of taxation that would handle high net-worth individuals/families. I'm not looking for a perfect system, nor am I looking for a system that appeases everyone's idea of fairness, I'm advocating the system that I think is best for America moving through the 21st century and the threats it will face this century.