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"There is only one way to kill capitalism – by taxes, taxes, and more taxes”
-- Karl Marx (1818-1883)
Originally posted by ElectricUniverse
reply to post by Cabin
What you don't understand is that "Progressive Taxes" were invented by Karl Marx. It was Karl Marx himself who said, and I quote:
"There is only one way to kill capitalism – by taxes, taxes, and more taxes”
-- Karl Marx (1818-1883)
www.anvari.org...
Not to mention that you obviously have forgotten that for example in 1961 "progressive taxes" at the top had risen to 90%, it was lowered later, but since the 1980s "progressive taxes" began to rise again. "Progressive taxes" are not only higher the higher your income... They are supposed to add up more and more with each tax that is passed. The purpose of "progressive taxes" is to make people dependable of the state, and to destroy capitalism. It has been doing so slowly since 1913.
edit on 5-4-2013 by ElectricUniverse because: (no reason given)
A system of taxation in which persons or corporations are assessed at a greater percentage of their income according to the theoretical ability to pay. That is, taxpayers pay more in taxes if they earn more in income. For example, taxpayers may pay 25% of their income in taxes up to a certain amount, and 35% of everything earned over that amount.
A progressive tax is a tax in which the tax rate increases as the taxable base amount increases.[1][2][3][4][5] "Progressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from low to high, where the average tax rate is less than the marginal tax rate.[6][7] It can be applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. Progressive taxes attempt to reduce the tax incidence of people with a lower ability-to-pay, as they shift the incidence increasingly to those with a higher ability-to-pay.
The term is frequently applied in reference to personal income taxes, where people with more income pay a higher percentage of that income in tax than do those with less income. It can also apply to adjustment of the tax base by using tax exemptions, tax credits, or selective taxation that creates progressive distribution effects. For example, a sales tax on luxury goods or the exemption of basic necessities may be described as having progressive effects as it increases a tax burden on high end consumption or decreases a tax burden on low end consumption respectively
Progressive taxation has a variety of economic effects.
[edit]Income inequality
Progressive taxation reduces absolute income inequality.[18][19] When income inequality is low, aggregate demand will be relatively high, because more people who want ordinary consumer goods and services will be able to afford them, while the labor force will not be as relatively monopolized by the wealthy.[20][21] For example, in 1950, U.S. federal taxes were 14% of GDP, the top income tax bracket rate was effectively 88%, and jobs grew by 7.7%; in contrast during 2012, federal taxes were 19% of GDP, the top tax bracket rate was 35% (but effectively much less) while jobs only grew 1.4%.
[edit]Psychological effects
In a study published in 2011, which included the use of data from 54 countries, the authors stated, "our results showed that progressive taxation was positively associated with the subjective well-being of nations", later adding, "we found that the association between more-progressive taxation and higher levels of subjective well-being was mediated by citizens’ satisfaction with public goods, such as education and public transportation."[22]
U.S. Constitution - Article 4 Section 4
Article 4 - The States
Section 4 - Republican Government
The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence.
Originally posted by ElectricUniverse
reply to post by Cabin
You still fail to understand that socialists and Marxists have changed and twisted the meaning of words, including socialism, and the meaning of words like "progress" and "progressive taxes". Even the word "progress" has been changed by Democrats, and leftwingers in general to mean mostly "political progress", or a change to a more leftwing form of government.
Did you know that back in the "Wild West" "progress" was found in REPUBLICAN cities?
Did you know that New York during the time it was built and as it grew at first was a REPUBLICAN city?...
Did you know that REPUBLICANS were the ones who abolished slavery, and many REPUBLICAN cities were the first, and only ones to abolish slavery?...
Yet these facts, and many more, have been changed, and most Americans have even forgotten their true history because of the leftwinger elites who have been slowly brainwashing Americans, and slowly implementing leftwinger/socialist programs...
Marx changed, and transformed the meaning of the word "progressive taxation", and it's definition can even be found under one of the main principles of communism, "From each according to his ability, to each according to his need", that is also the principle of "progressive taxes. The goal of these taxes are to destroy capitalism completely and transform former capitalist nations into socialist, and the final goal of communism.
Originally posted by Cabin
Historically words and their definition have changed, although we live in our current world and here progressive taxation is a tax system, where tax % rises with the rise of income and that is overally better for the society and reduces the wealth gap more than flat taxes.
...
Originally posted by pjfry
Wow,
you know that President Bush pushed the bail out of banks and comapnies through the Senate? Obama had to deal with those additional 700bil in dept.
It's not a problem of democrats and republicans it's a systematic probelm, where the power of politicians is corrupted, because big money paid for their election. The customer is always right, even if he bought a congressman or senator.
Originally posted by pjfry
You discuss why taxation x is better than y, when the biggest most profitable companies in the USA and elsewhere pay next to NO taxes at all.
That is the real problem.
...
I did no such thing, you are the one trying to twist what I have been writing simply because YOU have no real argument at all.
First of all, the nations I was saying are not socialist are WESTERN NATIONS some of you CLAIM are socialist... And yes they are TURNING socialist...
Leftwingers such as yourself LOVE, just LOVE to twist what is being said, and proclaim everything that is good in the world "is socialist"...
If you are not smart enough to keep up with the argument then you probably shouldn't participate at all in the discussion...
Originally posted by poet1b
Socialism is a boogeyman to scare little children into turning control of the country over to the banker who would be the new kings.
Originally posted by poet1b
I prefer democracy over imperialism any day, and it is democracy the the people preaching socialism hate. This is why they create boogeyman like socialism.
Democracy is the road to socialism.
KARL MARX
Democracy is indispensable to socialism.
Vladimir Lenin
Originally posted by poet1b
reply to post by ElectricUniverse
Do you really think democracy is a bad form of government?
The US is the first democratic style government, and is the democratic form of government that has enabled the US to become so successful.
If you are actually opposed to democratic style government, the US constitution, then what form of government do you think should be put in place
It has been said that democracy is the worst form of government except all the others that have been tried. Sir Winston Churchill British politician (1874 - 1965)