RE: Elizabeth Warren. LET'S ALL START FACTORIES!

Thanks to everyone who posted respectful and thoughtful comments - on both sides of the issue!

Note - no one should argue that US businesses and wealth-creators should not pay taxes. That's fair. But this Ms. Warren is just trying to ratchet up the business-as-advisary rhetoric and make it seem businesses do not pay a fair share.
Today, the top 2 quintiles pay around 74% of all revenues. To me, that's a pretty fair share - at least it's close.

What we learned from Elizabeth Warren's implications: Start a factory. You don't have to pay for anything - and you get RICH! Do it quickly, before you are asked to pay your fair share.

Category:

People & Blogs

Tags:

• Elizabeth Warren
• tax video
• Liz Warren Tax
• Elizabeth Warren on taxes
• sarcasm
• taxes
• business tax
• dumb people in politics

[lwalk17]

Hmmmm doesn't the rich in this country pay taxes to? To take that idiot Elizabeth Warren's rant to heart, you would have to be void of any kind of common sense. Hey what a coicidence, to be a Democrat in good standing, you also have to void any kind of common sense too. This is great! NOT!!!! It's a sad testament to our failed education system!

[bartzoni]

@lwalk17 Yes - the rich pay taxes too. I was being sarcastic - unfortunately I now recognize they do not teach sarcasm in schools outside of NJ.

[nteon]

@bartzoni - You say 'Today, the top 2 quintiles pay around 74% of all revenues. To me, that's a pretty fair share - at least it's close.' If the top quintile holds 84% of the wealth, why not have the top quintile pay 84% of the revenues? Wouldn't that be more fair?

[bartzoni]

@nteon Luckily, you do not pay taxes based on your net worth - just your earnings. One of the biggest arguments for "unfairly low taxes of the wealthy" comes from the fact that capital gains (investment income) are taxed differently than ordinary income. The impact of taxing investment income at say 30% would be pretty devastating to the flow of capital to new businesses and job creation.

[survivor030406]

This sounds very incorrect. I worked in a factory for years and they paid into social security.

[jfan2000jfan]

@bartzoni I agree with bartzoni here. Taxing the rich "sounds" like it makes a lot of sense. But take a small investor like myself. I have $10,000 its already risky to invest it, I may lose it all... but if you tacked on a 30% capital gains tax instead of 15% on the risk I would take to invest my $10,000. I'll just say screw it... I'm not investing that at all. Putting aside all the rhetoric that people throw around, from a practical perspective that is real person's mindset.

[khanders]

Wow . . . this didn't even make sense! Banging on about factories, did you really not pay attention to what she was saying??? THis 'response' is just nonsense, for the weak to feed . . .

[darkishphoenix]

completely missed her point.

[happystance8able]

@jfan2000jfan Plus there's Sowell's basic point that when you sell stock, you almost never made that money all in that one year. It's usually been made over many years--even decades--so it usually doesn't reflect your level of wealth the same way a single year's earned income might reflect wealth. But Leftists are idiots anyway for conflating wealth and income. They really have a conflating disorder. They conflate all kinds of shit. They're brains don't work.

[happystance8able]

@bartzoni >>The impact of taxing investment income at say 30% would be pretty devastating to the flow of capital to new businesses and job creation<<

Yabbut it would do wonders for how I feel and my feelings are the most important thing in the world. I expect people to be moved around like chess pieces until they make a pattern that pleases my delicate sensibilities. Not sure what that pattern should be, but I just know it's different from what it is. That's why I just want CHANGE.

[JKEJulian]

Typical whiny right winger response

[Jack95912]

@Bolgernow What social contract are you referring to? The only contract drawn up in this country between the people and its servant government is the Constitution.

[jaytucker1993]

you are idiot



[nwalte31]

gay

[BNCcooperative]

hehehe Austrian Troll