I'll go against my own selfish personal interests out of fairness. Why won't rightists?

Question

The policies of the Bush Administrtation have been to reduce (eventually eliminate) the tax burden for UNEARNED income (dividends, capital gains, inheritances). So people who sit on their a55es and colleck dividend checks pay less. Or nothing! This merely transfers the burden of taxation to those who actually work for a living.

Is this right? If anything should be exempt from taxes, shouldn't it be what you WORK for?

I live on an Investment Portfolio. My taxes have been reduced. And when my parents die, I will become a millionaire. Republicans would let me have it all tax-free, while Blue Collar Joe pays to keep America going. Whenhe has a family to support and can barely make ends meet.

This is not fair. Tax people like me! ALL of us!

Why do right-wing Elitists favor a tax system that wages class warfare on working people to benefit the idle rich?

Answer 1

Sweetheart, I hate to break it to you, but somebody had to EARN the money to put in those investments. It didn't fall from the clouds. You do not have to be rich, white, Republican or elitist to have investment income. All you have to do is live on less than you make & put some in investments either through 401k, IRA, etc. or in other investments. People who do smart things with their money don't need to be taxed more just because they don't still have to be a wage slave!

Also, this tax the rich mentality is generally bull. The wealthy people & corporations ALREADY pay the VAST MAJORITY of income taxes, while I have done returns for people making from $15-100k that pay negative (get EIC), none or only a few bucks in tax b/c they have a bunch of snot-nosed kids they can't afford & are mortgaged to their eyeballs. For most of our working lives to this point our household income was in that range. We bought a very modest home & have only 1 adopted teen (adopted when we were in our late 20s & he was 15). We get screwed by the tax code for living w/in our means & investing for our own & our family's future, so this 'tax those mean old rich people' w/ their snotty "unearned" income really hacks me off.

Furthermore, except for a bunch of schmuck celebs made famous by the following of a bunch of mindless proles, very few "rich" people are "idle". One of my grandfathers is a millionaire. He has spent most of his time & money since retirement for the good of his church, camps for handicapped children, buying glasses for children of working poor people, etc.

If you want to read about the REAL "rich" people in this country, pick up a copy of the book below. I strive to emmulate many of the characteristics of the people profiled there. They are financially secure, hard-working people of good character. They don't deserve to be punished for it & neither do your parents! You sound like an ungrateful brat & if you don't develop some sound judgement, I hope your parents leave their millions to someone else!

Btw, there is no "k" in "collect".

Answer 2

In my opinion a good deed by an atheist is more sincere; they're not doing it to get into the waiting line for god's fan club, but so they can help another human being. They're right in saying we only believe we get one life, but that is a good thing. We know we only have one, so we'll use it to the full. Believing this is a just some 80ish year qualifying round for the real thing is a waste of a life.

Answer 3

As far as dividends are concerned, if I own stock in XYZ corporation and XYZ corporation makes a profit, XYZ corporation pays income tax on that profit. What is left then belongs to the corporation, which means to the owners, the stockholders. If XYZ pays part of that leftover money as dividends (to me), I still pay income tax, even though XYZ already did. I don't agree with all the tax cuts, but if you are relatively low income, the rates on dividends are even lower, and because of other cuts the rates on regular income are also lower.

Answer 4

There are issues of both fairness and economic reality here. First of all, it has been conclusively proven that tax cuts INCREASE revenues, decreasing the burden on the lower and middle class. Any incentive on savings and investments also stimulates economic growth.

Now the "fairness" issue: First, the producer of this personal wealth did not become rich by being "idle." He became that way by being productive, thus offering economic growth and opportunity to the rest of society. Now that he's accumulated wealth and already paid more taxes than you and I in terms of both amount and percentage, you want to tax him again when he chooses to care for his family.

Answer 5

It is becuase rich people run this country and they all belive in letting the rich become richer. I fthis was not so then we would not be in a defficet. maybe the money will all equal out and people will work harder or more cause they know that regardless we all make the same pay and we all deserve it?
maybe?
I like that system that cuba has that drs nurses and even a dishwasher is making all the same pay and there is not so many class struggling and class wars like we have here and in other places where if you have money they think you have class and better than others

Answer 6

Props to you. It is very unusual to find someone who believes in "Right first, Me second".
Most Repubs believe that people with money are usually interested in MORE money. If they have money they will make an effort to make more by starting or expanding a business or investing which will allow a business to expand or diversify and in doing so create jobs which allows more people to make money thru wages.