How can anyone defend the super rich and not expect them to pay more tax to help our poor?

Question

Didnt they USE the freedoms in America to become wealthy?

Didnt they USE the labor of another that was less fortunate?

Didnt we all decide to compete over our resources? capitalism? rather than socialism or communism? In capitalism what do the losers get? In other forms of govt the poor get assistance.

if the rich keep this up (taking soo much) wont the people eventually rise up?

Do you think the majority of people are brainwashed into supporting the elite?

Capitalism has worked so well for america because it has allowed them to rape other countries resources.

A government can be corrupt but we can elect new leaders so isnt it our best shot?

20% of our population owns 80% of the total wealth

and 1% owns 35%

so 80 percent of us are competing for scraps 20%

Answer 1

The super rich have used every means possible to not only get rich, and stay rich, but to get even richer. And our government allows it. There are numerous tax loopholes and exemptions that are exploited by the rich, not to mention off shore accounts, etc. Labor is taxed at or near 35% while earnings from investing are taxed at a mere 15%. Copyright and patent laws protect the rich and stifle competition. If companies were allowed to produce prescription drugs the cost for the American consumer would be greatly reduced. Sports stadiums are built with taxpayer money, but very little if any revenue trickles down to the areas in which they are built. Is there really any competition left in the US anymore? How many oil companies are there? Ten, maybe? How many cell phone service providers? Seven or eight? Automobile manufacturers? Supermarkets?
Nowhere in the Constitution is
Congress granted the authority to spend funds to directly subsidize industry, or to enter into joint ventures with automobile companies, or to guarantee loans to favored business owners. Yet, since the New Deal, by applying very expansive readings of the General Welfare Clause, the
Supreme Court has allowed Congress to redistribute
wealth from taxpayers to favored business interests.Some spending that benefits businesses, such as infrastructure spending and the funding of courts to enforce contracts, also
benefits the population as a whole. But those are expenditures that benefit all companies and citizens generally and are usually not geared to a specific activity or industry. The programs of the corporate welfare state, on the other hand, do not fit this definition.
The "super rich" pay more in taxes because they're "earning" more, not really from labor, but from investing. And the rate at which their earnings are increasing is growing faster than their tax rate is decreasing. So the "super rich" may be paying more in taxes but the richest of the rich also own more of the wealth in the US as well and they've done it on the backs and on the sweat and blood of the poor and middle class!

Answer 2

The nice thing is that 1% of the wealth in the efficient market is thousands of times more than 1% of wealth in an inefficient market. The rich that make extra profits are those who use government. Big corporations can afford many things that smaller companies cannot. This limit in competition gives an oligopoly to producers and sometimes a monopoly. The more you steal from the production cycle the less growth there will be bringing more goods and services. Government printing inflates our dollar which in turn devalues the worth. Government spending will never be the answer. Taxes are slavery. Why doesn't anybody donate money to welfare voluntarily yet individuals donate billions of dollars each yearto private charities? The answer: the private charities produce a greater chance for those in need to better themselves. The losers in capitalism are those who own businesses that go under. Where as the employee has the option of finding new work in the same industry, the owner has lost everything. They still usually have enough to get by and if not many who were successful find a new way to be a productive part of society. Big government doesn't end poverty, it causes it. It sends companies overseas to escape high taxes and costly regulations. The overseeing of regulations is highly inefficient. Many times companies get inspected 5-10 times a year leaving 355+ days of "scary unsupervision). The rich make more rich and they more rich there are the better for those around! The best thing you can do is build mass amounts of wealth peacefully. It brings about more peace, more goods and services, technology made to make our lives easier, and the best chance of spreading wealth. If you think the government can spread better than a free market you are crazy! The free market forces the rich to fight over our dollar increasing quality, forcing them to lower the price, and a battle over good dedicated employees through wage hikes. Do you really think minimum wage is sustainable at a high level? You must be crazy! Why don't we just raise the price of minimum wage up to $100 an hour? I do think that many people are brainwashed by the elite(the government). The sheeple go out in flocks to vote for their republican and democrat controls that can be placed on others. It is sickening, yet reality! And another thing. Freedom is given at birth to all at no cost. Just because they want you to pay them for freedom doesn't mean it is right and especially not helpful for prosperity and peace! The worse the economy gets the worse the working American and those around him will get! The laborers are also using the rich to make a living the same way the rich use the poor. The thing is because of the free market the rich have to pay up! They most compete against other wages throughout the industry. Other forms of governments take care of the poor temporarily and get to decide who gets what. Equal pay for unequal work! These governments always cause high levels of scarcity and the inability for the people to make a living for their own and dampens their abilities to better others around them!

Answer 3

I can defend them. These super rich people you talk about already pay most of the income taxes. IRS data (linked below) shows that the top 1% income earners paid 37% of all the federal income taxes, while earning only 19% of the nation's income. They pay their fair share.

You'll also notice from that data that the bottom 50% of income earners pay next to nothing in federal income taxes.

I'd like a real source on that 80% wealth statistic you throw out. Sounds like something the class warrior politicians came up with.

The super rich did not "USE" labor, or exploit it. They gave jobs, a livelihood, and mostly likely benefits, to those people they HIRED. Most of those rich people started their own companies, took all the risks, especially risking their own money, and worked like dogs for years. They deserve a payback on their investment. What does labor risk or invest? They show up after the company is started, and get paid for their labor.

If labor ever rose up, as you suggest, it will kill the very jobs those people need to live, because people depend on those rich folks to provide them good jobs. Look at Bill Gates. How many thousands of people has he given good jobs to? How many millions of people have become more productive and wealthy because of Bill Gates?

If being rich gets you punished, who would bother? Why would the Bill Gate's of the world even bother? All those jobs and all that wealth would not be created.

Answer 4

The issue is how much do you want the super rich to pay? And who do you define as the super rich; both are pertinent questions to your rant. Seriously since 1/2 of the American population now pays NO taxes what so ever. That is right - 1/2 of our population is supported by the other half. Based on your post it would appear that you would like 25% to feed the 75% - I don't think that is quite possible.

Can't wait for the day the rich decide to leave America and take their incomes with them.

Answer 5

60% of the tax collected comes form the top 10% of wage earners in this country.

So the 'Super Rich' do pay more tax to help our poor. So your argument is meaningless.

Aside from the tax, the top 10% of wealthiest people in this country give by far more money to charities, churches and foundations, that do a far better job of helping those in need.

The countries that are the most successful, where the largest portion of people are living comfortably, the ones with the fewest needy people are capitalist countries.

And not everyone who is poor is in need of assistance, they are looking for a handout. There is a good portion of your so called poor, who are poor by choice, they don't want to work, they just want the government to keep giving them money.

Why should we support those who do not wish to support themselves?

Answer 6

The Top 50% pay 96.54% of All Income Taxes

The top 1% pay more than a third: 34.27%

What more do you want? Should they not be alowed to keep any of their money? What your setting up is called socialism....where everybody is the same. That's been proven not to work.

Answer 7

Because what you term the "super rich" pay nearly half of the taxes in this country. And the "less fortune" you are describing have every chance to improve themselves and become rich. Only happens it this country and rarely anywhere else.

Answer 8

I hear ya, I have to work sooo hard to be this poor! Seriously, it's sickening. Pretty soon we'll just have the filthy rich and the poor - no middle class. It's time to do something about it! Let's help the middle class get back on their feet - let's help the hard working people.

Answer 9

vote democrat that's all i got to say, republicans don't care about you unless you make over 300k or more a year. In my opinion we need to bring back the "new deal" and not just roll back the Bush tax cuts but roll back the REGAN tax cut., forgot to mention that the middle class pays a higher percentage of their pay than the millionairs and billionairs,

Answer 10

the top 25% of wage earners already pay more then 70% of all taxes,.....how much more should they pay??,.....