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MichaelS

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MichaelS last won the day on December 31 2015

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About MichaelS

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    Advanced Member

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  • Name
    Michael
  • Location
    Galloway
  • Bike(s)
    2010 Ducati Hypermotard 796, Yamaha YXR

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  1. MichaelS

    unOFFICIAL Thanks Trump thread.

    The people of Toledo thank him for his prayers. The people of Dayton however would like some of those useless things as well.
  2. MichaelS

    Progressive Income Tax

    I get what you are saying about a disincentive to work but I don't think that has ever proven out in the numbers. Even when the top tax rate was double what it is currently. Some people look at the dollar figure and use that to argue the 1% pay their share or too much or whatever your opinion. But when you start looking at percentages then you see the real story that they can pay a lower rate than someone that is making $70K a year which is not what I would consider rich. As for the low income person's incentive. Everyone's story is different. But I will say the current system is broken. The system creating a disincentive to earn more. It needs to taper off so there is still an incentive to continue to try to earn more. As much as some on here probably think I'm some bleeding heart liberal I do think there should be limits. Either time, dependents etc. Another thing to look at is why do people working 40 hours a week at a job still need government assistance? Essentially us tax payers subsidize corporations more than people think about because they pay an artificially low wage then we pick up the remainder that people need to live. Corporations should be billed for these services making them pay the true market wage.
  3. MichaelS

    Progressive Income Tax

    Don't be ridiculous. Now who doesn't want to take responsibility? Sure looks like you.
  4. MichaelS

    Progressive Income Tax

    I pay my taxes so I don't know what the hell you are talking about.
  5. MichaelS

    Progressive Income Tax

    First there is no data I have seen that says corporations would still not move overseas. Second lets look at some numbers. 10% tax. Person making $25,000, you take $2.5k on top of all the other taxes you still have to pay. They now have at most $22.5k to live on, to save etc. Second person is making $200,000. You take $20,000. They still have $180k. Which one of these has to choose between food, shelter clothing because of the taxes? Not the person making $200k. What good is it to the economy, to our society to have 1/10 of the low income taken by taxes? Is it fair to make someone have to choose between those things? I certainly don't believe so. Maybe your definition of fair is your hand is your hand and if it sucks screw you we as a society don't give a crap.
  6. MichaelS

    Progressive Income Tax

    I am also a person trying to maximize profits. Yet because I am actually a human I am treated worse than a corporation....that makes sense.
  7. MichaelS

    Progressive Income Tax

    Flat taxes are inherently not fair. Easy yes, fair no.
  8. MichaelS

    Progressive Income Tax

    Boomer kids are the parents....
  9. MichaelS

    Progressive Income Tax

    I will agree the boomers were not as good at raising good humans as their parents.
  10. MichaelS

    Progressive Income Tax

    In todays connected world companies don't feel the need to contribute to the country that gave them the opportunity to succeed. They instead take all they can then leave screwing that left behind. I didn't frequent burger king much before that "inversion" but I refuse to go at all now. Same thing with carrier. I won't be purchasing their products anymore as they are moving out of the states so they can pay their top brass more and their workers less. Who wants to bet the prices don't go down because of cheaper labor? What happens is these same corporations get the benefits of doing business here but without paying their due. Normal citizens don't get any such tax break. Maybe I should just tell the IRS for tax purposes my headquarters is in Ireland but I work and make money here and therefore am entitled to pay less in taxes just like corporations.
  11. MichaelS

    Progressive Income Tax

    You are incredibly naive if you think people don't want to work hard. What they want is that hard work to pay off. In this country it hasn't. Taking inflation into account wages for the lower three of five quintiles is pretty much flat since 1967. If you are in that group you are not rewarded for working hard. Your CEO certainly is rewarded for questionable work but you don't see the fruits of your labor.
  12. MichaelS

    Progressive Income Tax

    Oh jeez not this again. Give it a rest already. Nothing says that is going to happen.
  13. MichaelS

    Progressive Income Tax

    It is far easier to choose to make less money than it is to make more. So they are not quite the same thing. Some of the blame for them staying in poverty is choices they make but a significant part is out of their control.
  14. MichaelS

    Progressive Income Tax

    The list is incredibly long but I would add that gerrymandering your own districts is not conducive to actual democracy.
  15. MichaelS

    Progressive Income Tax

    I never said there are not some that make it out. But clearly the vast majority do not. Which is why it continues to drag on the economy. And it is not about taxes which is why I originally said it is a completely different topic.
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