Progressive Tax

This is Part 3 of the mini-series on understanding your Federal Budget. The purpose of this video is to provide you with more information on the Progressive tax system, so you can make a more informed decision on tax reform. This video is part of the Political Common Sense for America series.

Category:

News & Politics

Tags:

• boeheim
• brianboeheim
• Brian Boeheim
• the franklin party
• political common sense
• tax reform
• progressive tax
• federal budget
• deficit
• IRS
• FairTax
• Flat-Tax
• poverty level

[pCriistopher]

Is it fair to tax someone more who who got pulled up the ladder through nepotism than a hard laborer who's talent isn't economics?

[brianboeheim]

@pCriistopher That's a leap...I think it is fair to collect more taxes from someone who makes more. It should be on a straight line % though, not progressively increasing levels that have been arbitrarily created. Eliminate the loopholes and then you have something. Check out my videos on the advantages of a real fair flat tax.

[Kroama]

@brianboheim Because you're able to use yourself as an example you choose to ignore the working poor and that not everyone has the same opportunities that others have gotten. I'm not talking about the ghetto father who spends his money on rims, but the one who doesn't have enough money to do anything but support bare minimum life for his family that despite how hard he may work will never see a chance at getting ahead with the gap widening as it is. He's going to value a dollar pretty highly.

[brianboeheim]

@Kroama First, how does a progressive tax help the average worker? That person doesn't have the money to hire tax consultants to prevent him from overpaying. He/She doesn't own assets that allow them to take advantage of the tax loopholes created within that tax structure.

I must emphasize again that the person who is just getting by should be working with his/her children to expand their education so they have it better. The shift in economic classes happens over generations thru education.

[Kroama]

So you're trying to claim that just working hard you are able to get anywhere you want in today's society? Surely there are those are are lazy and without money, but I've seen many others who work harder than anyone I've ever known for the bare minimum with no sight of moving forward. It is wrong to have a complete redistribution of income, but it is stupid to ignore the healthy distribution and move further and further toward a 3rd-world distribution of income in to fewer hands as we are.

[brianboeheim]

@Kroama The problem is that everyone wants it for themselves and they aren't willing to make the big changes to succeed. It isn't just sweat, but it's also getting an education, its about starting a business on your own, its about changing careers midstream, even when things are going well because things never stay the same. Stop taking my money and let me hire more employees. Stop redistributing and let me share the wealth through the natural economics of capitalism.

[Saja0323]

@brianboeheim

Maybe you're the kind of guy that would take his extra earnings and hire more employees. But I can tell you right now you're the minority from that upper percentile. There are examples out the wazoo of executives in corporations laying off employees while they fly around in private jets and live in extravagant houses. You're focus is the laziness and greed of lower class expecting to be paid by the government to not work hard. You're forgetting the greed of the wealthy.

[brianboeheim]

@Kroama Yes, that is what I'm saying. If you work hard and smart, then you and more importantly, your future generations will have the chance to be more successful and climb the economic ladder. I came from a hard working blue color family without a high school diploma holder among them. My brother and I, due to their efforts went to modest colleges and made more for ourselves...our children in turn have worked hard and gone to better schools and now are further.

[brianboeheim]

@Kroama Yes, I'm saying that the distribution of wealth should be a natural part of our free market. I came from very little and found success through hard work and perseverance, not redistribution. That you want to take my hard earned wealth is wrong, and that you want to take away someone else's experience of earning their way to success is even more wrong. A simple flat tax with no deductions is the fairest and easiest method of providing proportional taz revenue. Watch my video on it.

[brianboeheim]

@Kroama In old Soviet Union and the people's Republic of China they tell people how much they should have and how much it should mean to them. I watched the bread lines and the government managed redistribution of wealth. In this country, we should be free to work as hard as we want and to value our wealth individually. You're desire to apply your map of the how I should feel about my wealth sniffs of a very different america than I want to live in.