It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by HowardRoark
It won't affect me.
Originally posted by Amuk
Originally posted by HowardRoark
It won't affect me.
This is what I fight against.
Stealing from or taking away ANYONES rights ultimitly affect everyone.
Just because it doesnt affect you right then does not make it right.
Originally posted by HowardRoark
So you advocate not paying taxes at all?
All we are talking about is rollling back the tax breaks to the upper 2 %. Are you in that bracket?
Originally posted by HowardRoark
- If Kerry is true to his word and reworks the tax rate for the top two percent, more power to him. It won't affect me.
Whats wrong with government spending? Every dollar that the government spends eventually winds up in the public pocket.
Originally posted by Amuk
Originally posted by HowardRoark
It won't affect me.
This is what I fight against.
Stealing from or taking away ANYONES rights ultimitly affect everyone.
Just because it doesnt affect you right then does not make it right.
Originally posted by jsobecky
You can confiscate the entire wealth of the top two percent, and you won't make a dent in the daily requirements of our large government machine.
You will dis-incent the top achievers of our society.
Whats wrong with government spending? Every dollar that the government spends eventually winds up in the public pocket.
The problem is that it takes two dollars of taxation to return one dollar to the public because of bueracratic overhead. Not a great model of efficiency.
Originally posted by RedOctober90
These conservatives cry and moan about paying taxes.. but I still wonder how else a government would raise revenue without them...
Imagine, better transit systems, better environmental cleanup plans, cleaener cities, starvation abolished, the end of unnecessary military invasions which destroy infastructure and peoples lives.
The town I live in is a working class town.. these people feel the hardships of loosing jobs to cheap foreign labor... they are beginning to seem to push a more socialist system even if they do not realize it.
Yup, the conservatives have no problem with spending billions on a worthless nationalist military occupation of Iraq.. yet would start screaming when the govenrment gives a penny to someone who really truly needs it.
Originally posted by RedOctober90
There is more than enough wealth in the USA to fund the things that need to be funded (besides military invasions)
From sec.gov Accredited Investors
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
1. a bank, insurance company, registered investment company, business development company, or small business investment company;
2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
3. a charitable organization, corporation, or partnership with assets exceeding $5 million;
4. a director, executive officer, or general partner of the company selling the securities;
5. a business in which all the equity owners are accredited investors;
6. a natural person who has individual net worth, or joint net worth with the person�s spouse, that exceeds $1 million at the time of the purchase;
7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
Originally posted by jsobecky
Besides what has already been stated, there are several problems with this:
You can confiscate the entire wealth of the top two percent, and you won't make a dent in the daily requirements of our large government machine.
You will dis-incent the top achievers of our society.
You will create an us-versus-them class warfare system, which will cause mistrust between worker and manager, and ultimately result in the lowest level of productivity from any industry.
The problem is that it takes two dollars of taxation to return one dollar to the public because of bueracratic overhead. Not a great model of efficiency.
Just a question: is your username a dig at the Fountainhead? I can't see Roark in your posts. I do see Toohey, however. No flame intended.
Originally posted by mwm1331
Kerry keeps hammering on how he's gonna roll back the tax cut on the top two percent. Lets face it its a great political ploy, after all 98% of Americans wont care and wont be affected. Or will they?...
Originally posted by HowardRoark
Originally posted by jsobecky
You can confiscate the entire wealth of the top two percent, and you won't make a dent in the daily requirements of our large government machine.
So in other words, what you are saying is that we all have to start paying more taxes?
Not that I have any problem with paying my fair share.
You will dis-incent the top achievers of our society.
Yeah right. I am not talking about a communist philosophy here, but damn, how many more millions does Oprah need!
These people are not motivated by profit alone.
You will create an us-versus-them class warfare system,
I thought that we had that already!
How is �compassionate conservatism� supposed to change this?
The problem is that it takes two dollars of taxation to return one dollar to the public because of bueracratic overhead. Not a great model of efficiency.
And what exactly is bureaucratic overhead? Salaries? Last time I checked, Government employees spend their money at Wal-mart, just like everyone else. Supplies? Who sells the government stuff? Private contractors.