Avatar feed
Responses: 23
Lt Col Commander
8
8
0
Tax the rich, tax the rich, tax the rich..... what happens when you dont have a rich population to tax? Also, if you raise the minimum wage to 15+ dollars, wouldn't that make it the "new" poverty level?
(8)
Comment
(0)
Maj Rob Drury
Maj Rob Drury
>1 y
Also the "tax the rich" strategy does not work in today's economy. Economic factors always work toward an equilibrium, where there is a natural compromise as opposing interests attempt to optimize their positions. Since WWII, the economic climate in this country has been such that tax rates for the wealthiest and revenue generated move inversely. In other words, the more we attempt to tax the rich, the more the tax base shrinks, resulting in lower revenue. As the rich are less productive and pay less tax, the middle class bears the burden. Eventually, the lower class (now paying zero income tax) start "feelin the Bern" also; either through downward movement in the tax tables, or decreased or deficit spending.
(0)
Reply
(0)
CDR John Selberg
CDR John Selberg
>1 y
Let's take it one step further. I don't know how many times that Mr. Sanders' supporters have indicated that the Top 1% will pay for everything. However, hypothetically speaking, what if that "top 1%" was gone---what next? The answer seems to be whoever the next Top 1% consists of. As I have heard his supporters say: "There will always be a Top 1% for us to go after" (or words to that effect). Does not sound good, folks...
(1)
Reply
(0)
Avatar small
SSG Pete Fleming
8
8
0
Much like how Venezuela... he won't. It doesn't work that way.
(8)
Comment
(0)
SSG Program Control Manager
SSG (Join to see)
>1 y
Which one of these practices does Venezuela have? Very few, if any. How many of these policies do Norway, Sweden, the Netherlands, Germany and Austria have? Pretty much all of them.
(0)
Reply
(0)
Avatar small
LTC Program Manager
7
7
0
I saw a lot of "payroll tax" and "income tax paid by employers".

These are direct taxes on the cost of labor and will hurt the job market.
(7)
Comment
(0)
Maj Rob Drury
Maj Rob Drury
>1 y
Corporate taxation is nothing but a hidden sales tax. It needs to go away altogether.
(1)
Reply
(0)
LTC Program Manager
LTC (Join to see)
>1 y
"A lot" by $ value but it is a subjective view.

Your point is valid
(0)
Reply
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close