36 replies to this topic

[arbman]

The richest 1% made 4 times more money in 2013 to eradicate the WORLDWIDE poverty completely. This is just in one year, [edit: and this is not revenue, actual profits after taxes]. Tax them at 90%.

Edited by arbman, 02 January 2014 - 07:29 PM.

[MikeyG]

The richest 1% made 4 times more money in 2013 to eradicate the WORLDWIDE poverty completely.

This is just in one year, [edit: and this is not revenue, actual profits after taxes].

Tax them at 90%.

Are you talking the 1% worldwide???

How much does an average 1% er make???

[MikeyG]

The top 1 percent of American households had pretax income above $394,000 last year. Just pulled this quote from CNBC... So if the 1% make on average 400K an you tax them at 90 percent that leaves them with 40K without paying property school or state sales taxes... So that wold leave a person making 400K with about 10-20K

[arbman]

The richest 1% made 4 times more money in 2013 to eradicate the WORLDWIDE poverty completely.

This is just in one year, [edit: and this is not revenue, actual profits after taxes].

Tax them at 90%.

Are you talking the 1% worldwide???

How much does an average 1% er make???

They made trillions in revenue, not billions, but trillions...

Over 90% of the GDP growth since Obama was captured by the top 1%.



http://www.huffingto..._n_3900373.html

Edited by arbman, 02 January 2014 - 08:30 PM.

[MikeyG]

Okay pulled this from CNN... But on average, the top 1% earned $1.12 million, up from $980,000 the year before. So we take a million bucks from the 1% that would leave them with 100K... After the state sales property school tax that would leave them with about 70K...

[AChartist]

Good gawd for the last time, the problem is about 600 +/- individuals. 1% starts at 250k income which would be all those that ever created anything with many who tried and failed in the wake and those that already pay most of the taxes and small business All the other dialectric crap is symptoms of the 600 problem Of course they want run the 1% scam to keep your eye off the .0026% real problem Of course the big box antitrust communists want to consume the 250k income enterpeneurs

Edited by AChartist, 02 January 2014 - 08:37 PM.

[MikeyG]

The richest 1% made 4 times more money in 2013 to eradicate the WORLDWIDE poverty completely.

This is just in one year, [edit: and this is not revenue, actual profits after taxes].

Tax them at 90%.

Are you talking the 1% worldwide???

How much does an average 1% er make???

They made trillions in revenue, not billions, but trillions...

Over 90% of the GDP growth since Obama was captured by the top 1%.



http://www.huffingto..._n_3900373.html

I understand the income inequality I am looking at an average 1% makes and 90% is not possible per the figures I just pt out there...



The problem is the 1% is skewed there a very very few Bill Gates which skews the whole thing...

Now if we take those handful of people and want to tax them 90% that is a different story then taxing a lawyer who makes 400K (who falls in the 1%) at 90%...

Edited by MikeyG, 02 January 2014 - 08:37 PM.

[MikeyG]

Good gawd

for the last time, the problem is about 600 +/- individuals.


All the other dialectric crap is symptoms of the 600 problem

Ok well I didnt know until just now...

Makes sense...

So this 1% thing should be more like 1/10 of 1% LOL...

[James Quillian]

The richest 1% did not make 4x the money...... They stole the money. There are good reasons for taxing the rich heavily but none of those reasons have anything to do with fairness. It does make sense to levy the heaviest taxes on the group that benefits the most from big government. That is the upper 1%. It is also possible to tax that group to such an extent that they use their power and influence to reduce the size of government. As it is the upper 1% lobby constantly for more spending which of course serves to rig the markets they operate in. Lets be clear about who the 1% are. They are the few with the political clout to position themselves above the law. It is always a mistake to think that subsidies to the poor will in any way correct the lopsided income distribution. The income distribution will normalize if the theft is stopped. In an honest economy the upper 1% tend to end up with 12-14 percent of all income and that is fine.

The richest 1% made 4 times more money in 2013 to eradicate the WORLDWIDE poverty completely.

This is just in one year, [edit: and this is not revenue, actual profits after taxes].

Tax them at 90%.

[arbman]

The sickening part is that they stole the money from the generation who may not be even born yet.