Comments by "dangerouslytalented" (@dangerouslytalented) on "Poll: Should The Wealthy Pay More Taxes?" video.

  1. A business 101 class would only cover the smaller businesses. The seriously rich, the top .1%, THEY are the ones a86 is talking about.
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  2. These crises did not happen during the 40s, 50s, 60s, or 70s, back when taxes on the wealthy were between 70 and 90%
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  3. THese people are not innovating. The innovation that these people are doing often involves new ways of rippping people off, a new kind of dirivitive or whatever, as this is the easiest way of making more money. Real innovation, like new kinds of solar arrays or the Dyson vacuum cleaner, THESE should be encouraged, and this is easily done via government grants and tax deductions.
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  4. Between WWII and the 70s the top marginal tax rate was at least 75%. And right now, the top income level is MASSIVELY higher than back in the 50s. And what are people like Bill Gates and Richard Branson doing? They are GIVING A LOT OF THEIR WEALTH AWAY... The ones that are not doing anything useful with their money are the speculators and the ones who got the massive bonuses, who are simply throwing it on the pile, not investing it into anythign useful.
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  5. The top 400 families own as much as the bottom 50% in America. And they are not circulating the money in the real economy. The ones that invested in the Madoff scheme were the very rich. Some care about doing good in the world. Most care about getting more money for themselves
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  6. Close the loopholes, AND tax them more... They are taking money out of the real economy, and putting it all into things like subprime bonds and Madoff schemes, trying to double it down again. It is USELESS in these places. It is not employing people, not making stuff, it is just inflating that is all it is doing.
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  7. And those who got it by simply trading securityies will simply party, party, party, and keep on putting it on the table like a gambler. Because in many ways, that is what they are, gamblers.
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  8. Whites are fleeing certain urban areas because the people in these areas, over the last 30 years have had all their cash sucked from them. They are tapped out. And now they are turning to crime, dealing drugs, and so forth to make ends meet and try to get ahead. Taxes for the wealthy are much higher in Germany, for example, and these problems you speak of do not happen.
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  9. The subprime mortgage crisis only began when Bush had deregulated the mortgage business (even more than it already was) and allowed banks to keep only a tiny fraction of the loans they made, and sell on the rest to unsuspecting investors. And who was creating these bonds? The wonderful guys from Enron, who took their poisonous bookkeeping into the banking industry.
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  10. They did not leave in the 50s, when the top marginal tax rate was 95%. Why would they leave now? And where would they go? They are earning their money living in New York and Chicago and Los Angeles. Because that is where the money is.
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  11. Actually, the Germans have had extensive immigration from places like Africa and Turkey. Have you actually been there?
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  12. Very few, like Bill Gates, show any kind of philanthropy. So many of them just want to put together a larger and larger fortune. That is their only purpose, and they don't care how they do it, who gets hurt, how much damage they do. It is MUCH harder to become wealthy without doing great damage.
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  13. A lot of these people are not decent people. These are the same people who brought you Enron and the subprime mortgage crisis, who are rigging the system to maximise their personal profit, at the expense of everybody else. Many of them are little more than thieves, who give the ones like Buffett and Gates a bad name.
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  14. That depends on how you define rich.
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  15. The hyper rich own as much as the bottom 50% of the country. They can afford to pay at LEAST that much in tax without having their lifestyles changed one iota.
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  16. That would not work, as the wealthy have many income streams, whereas poor people usually just have one: working. It would cause a black economy to thrive.
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  17. Bill Gates was hardly poor. His parents were wealthy enough to get him into a school which had access to a computer. In the 1970s, computers cost millions. I think the difference here is, that Gates (and people like Buffet, too) had a vision for the future, we whereas so many rich people solely do what they do because they want to be rich. Most of these people have become commodity and bond speculators
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  18. Hate to tell you, but they are ALREADY getting the money back. The entire SYSTEM is rigged for their benefit.
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  19. and this money is going where? The super rich, those who own Halliburton and Blackwater and the Carlyle group.
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  20. What handouts? The rich have gotten the most benefits out of the American system, they have access to things that we (and I am including you here) can only DREAM of. Why SHOULDN'T they pay more? They pay more for everything else, and get the most benefit.
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  21. Actually I was talking about the top 400 families owning as much as the bottom 55%. That is the top 1% of 1%. This is what happens with supply side economics, and it is bad for the economy because it is the POOR and MIDDLE CLASS that spend most of their money, and it is THIS money that runs the actual economy, not the money floating around in bonds and stocks and dirivitives.
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  22. We are not talking about 100% taxes here, they would still be rich, instead of having, say, a hundred billion dollars, they would have twenty billion dollars. Will their lifestyle suffer? Hellno. They will still be getting their holidays in the French Riviera and have a castle in Scotland.
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  23. SOMEBODY is going to have to pay more in taxes... If you tax a billionaire half his income, it is not going to harm his lifestyle one iota.
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