dreamdancer

Not counting the military spending, the "Super-Rich" are not creating the massive debt. yes they are - by not paying enough tax

How about not spending so much (yes this includes the military). How about reduce the size of government? no that will never happen ... Spend spend spend ... when the largest job growth demographics are public sector jobs, you know you are on the road to something that can not be sustained. the super rich getting richer and richer cannot be sustained - in the meantime we're expected to pay off the national debt they've left us. stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding

They'll retire to a beachfront villa with their 2.5mil. Since you're taking away any further earnings, they have no reason to work 10x7 or more to earn money. Instead, they'll shutter the company. No Microsoft, Oracle, Bershire. No technological innovation - even the open source stuff will badly falter as most of those guys do the 'free' work on the side after getting paid at a commercial entity. fine, let them retire - in the meantime the economy gets a huge boost from those smart students who get to spend what they earn rather than having to pay the money to the super rich

and i nominate.....you stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding

Sorry, but it's worked for me. Thanks to increased consumtion, higher incomes, lower prices, and a general upward mobility of the middle class, I can afford things I never would have been able to afford in 1985. Mobile telephone $75 Computer $800 88key yamaha p80 piano $500 I don't know what a cellphone or computer cost in 1985 but I know that an 88-key digital piano that sounded like shit cost around $5000 I think skydving/base gear has increased in price though now, all you've got to do is pay off all the accumulated debt that got you the 'cheap' stuff

trickle down economics has been a failure. it has meant the rich getting exponentially richer and leaving the government (us) in huge debt. (remember it was the rich who invented taxation in the first place - time to use their own weapon against them) stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding

a very roman idea

you're not capable of rebutting it - please find another thread to place your 'crap'

So your economic model is to create a ceiling of $100 million as the most a person can earn without giving up 100% of any excess to taxes? What is the incentive for anybody to put forth the effort to make any more than that? Are you aware of how much that would stifle the economy? Don't you see how that would actually shrink the tax base? I'm curious, have you studied economics? That is not a putdown; I'd really like to know, because although your ideas are elegant in their simplicity, they don't hold any water either in modeling or in reality. yes i have studied economics - extensively for many years

Not playing that game, sorry - I'll take your reply in the usual light - that you CAN'T justify your statement. read the thread title - then decide whether you want to contribute anything meaningful

Not playing that game, sorry - I'll take your reply in the usual light - that you CAN'T justify your statement. read the thread title - then decide whether you want to contribute anything meaningful

no, you need to explain why the super rich shouldn't pay more to the society that made them rich

they're allowed to keep 100 million. the money will be used for a trust fund to pay for the education of all college students

just call them bankers and your terminological problem is solved

everyone stand back! stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding

the ten thousand year old 'money wave' is peaking

does walmart have a heart... http://www.alternet.org/health/146031/walmart_fires_cancer_patient_for_legally_using_medical_marijuana stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding

There is a BIG problem with that logic. If tax rates/laws were changed so that a person earning a billion a year was taxed at 90%, leaving just 100 mil, then the next year that same person would change their actions so that there just wouldn't be as much income to tax at 90%, so the tax revenue generated just wouldn't be there the second time around. Not only that, but all the economic activity generated by that super rich person's billion dollar salary would no longer be there. If you want less of something, then increase the taxes on that activity. If all you care for is to generate tax revenue for one year and to punish the rich, then your plan would be great. Besides that, it is not effective and would ruin the economy. all those smart students would have extra money in their pockets to spend (rather than paying off debt). this money will stimulate the economy from the ground up rather than relying on the non existent 'trickle down' from the super rich (who mysteriously manage to get richer and richer and richer until...)

Cuba still prospers? yep, cuba still prospers. the life expectancy of its citizens is only slightly less than a us citizen - not bad for a little place

There is a BIG problem with that logic. If tax rates/laws were changed so that a person earning a billion a year was taxed at 90%, leaving just 100 mil, then the next year that same person would change their actions so that there just wouldn't be as much income to tax at 90%, so the tax revenue generated just wouldn't be there the second time around. Not only that, but all the economic activity generated by that super rich person's billion dollar salary would no longer be there. If you want less of something, then increase the taxes on that activity. If all you care for is to generate tax revenue for one year and to punish the rich, then your plan would be great. Besides that, it is not effective and would ruin the economy. all those smart students would have extra money in their pockets to spend (rather than paying off debt). this money will stimulate the economy from the ground up rather than relying on the non existent 'trickle down' from the super rich (who mysteriously manage to get richer and richer and richer until...)

that's a very long copy and paste

no, they don't. and no, they aren't

here's something we could do with the money... http://www.alternet.org/rights/146020/why_are_we_afraid_to_tax_the_super-rich stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding

but they use our money to do so

Exactly...to put that in skydiver terms, I worked for the Canasters at Perris, Do you think they could afford all those employees, those aircraft, or even the land, if they didn't work hard and earn it? (granted the land was inherited) there you go - if we had a decent inheritance tax then they would have had to work just like the rest of us - instead of getting their land/money for nothing