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I believe that as long as their is one single millionaire in the world people like you would say they are the root of all evil because they simply have more than you.
New money does not appear magically in equal percentages in all people's bank accounts or under their mattresses. Money spreads unevenly, and this process has varying effects on individuals, depending on whether they receive early or late access to the new money. This was one of Mises's original contributions to monetary theory, one that is ignored by all other schools of economic analysis.... Mises argued that the losses of the late-coming losers are the source of income for the early arrival winners....
...This indicates a fundamental aspect of Mises's monetary theory that is rarely mentioned: the expansion or contraction of money is a zero-sum game.... The economic benefits obtained by the early users of new money, even gold, are made at the expense of those who gain access to it after it has altered the array of prices.... www.lewrockwell.com...
Dude, I'm not saying take every penny that isn't being used by the millionaires. I'm just saying tax them more than the average person.
Absolutely not. That is a welfare state and before you know it nobody will be motivated to do anything. They will just let a few people accumulate wealth and sit back because they know their check is in the mail.
The ability to fail or succeed is what drives this country and always has. If nobody has a reason to work harder they won't as Soviet Russia proved.
Originally posted by anumohi
well we should hunt them down and wipe them off the face of the earth and seize their accounts...whos the first on the list????...
Uh no, because when I ace that s*** the idiots in the class drag me down kro!
Your one of those people that love teachers that grade on a curve aren't you.
We're not talking about college buddy, we're talking about taxes here. But it's nice to see that you made a massive assumption of my motivation and amount of work I put into school based on my view of taxing the rich, when in reality you know nothing about how much effort I put into that.
I don't bust my ass for days researching, writing and rewriting papers to get an A just to have it dropped because people like you decide to write you paper an hour before class starts.
There are plenty of people who have made it from being poor to rich so ask youself why some can do it and others can't.
Some people would rather have children or other priorities other than sacrificing what they need to in order to achieve financial security so like I said it's either desire, intelligence, or hard work the poor people are lacking.
I will make a note however that some people are beyond choice. Those with sever handicaps or injuries are unfortunately stuck with limited choices.
Nah man, I don't think a "fair share" is really fair. If you have tons of money that you're not going to spend, regardless of whether you inherited it or worked your butt off for your entire life, you should chip in and pay more in taxes than the Average Joe.
Hold on. If you work your butt of and get rich that is kool. You can't hold that against anyone but we all must pay a fair share. Flat tax, no loopholes.
What do you mean by this? I'm kinda confused Are you saying that when it comes to individuals, they should be taxed the same if they're a millionaire or not, however with corporations they should be taxed more?
The problem is it never works that way.
Laws must bind high and low or they are not laws at all. Corporations are not people and should not be treated as such.
Well doesn' sound like your to old but you in for a real treat in the next few years. What happened for love,sympathy and compassion for mankind? Oh that is right there is no profit in it. Silly me.
Originally posted by kro32
...snip
It's not hard and if you are not rich or not in the process of becoming wealthy you lack one of three things:
The desire
The intelligence
The hard work
People need to ask themselves which of those areas they are failing in and address that instead of shifting blame to those that have already made it.
There are plenty of people who have made it from being poor to rich so ask youself why some can do it and others can't.
If you work your butt of and get rich that is kool.
I have always thought 'bubble up' economics is a more logical model than their 'trickle down economics'.