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Russia's economy is roughly as big as Belgium's.
just a cool chart of the economies of the world...
Russia's economy is roughly as big as Belgium's.
America is the biggest, richest, meanest sonofa in country in the history of the (6000 year old) universe.
Therefore, I, American citizen, by extensiion, wrapped in the American flag, am the biggest, richest, meanest sonofa in dude in the universe.
You right-wing rabble are so emotionally stunted it's hilarious, intellectually blunted by your Blind Fath in dubya and all things red-state ignorant, and finally, so pitiful.
He simply posted a chart he thought was informative. Leave it to you to turn it into a chance to Bush Bash.
You're pathetic!
Belgium makes some of the world's best beer... Russia makes... ?
Nuclear waste?
Vodka?
Potato juice!
wtf is up with this guy... a chart showing the largest economies of the world and we get this babble?
and i'm not even a right winger.. i ing voted for clinton, AND BUSH... believe abortion should be legal, feel we shouldn't torment illegal aliens, etc... i can't be construed as left or right...
You do realize .1% of the population owns 98% of that red bar right?
Actually, most of that red bar is represented by small business. But, I'd like to see your numbers...unless, of course you're managing exstatic's 401k.
I'll show mine when you show yours, my fellow christian.
okay, i found that the highest ten percent paid earn 30% of that red bar.
That red bar is the GDP. It's a little more complex than simply adding up the tax receipts. But, it's nice that you recognize that wealthiest 10% pay 30% of the tax debt. Now, if you keep looking down whatever chart you got that from you'll find that almot 50% of Americans pay 0%.
Here, do some studying: http://www.bea.gov/bea/newsrel/gdpnewsrelease.htm
Oh, I get it I get it, so you're saying because they earn more they shouldn't be taxed more.
No, no you don't. We weren't talking taxes, we're talking GDP.
Since you bring it up; I tink everyone should be taxed equally. 10% of a billion is more than 10% of a dollar but fair to both.... so you're saying because they earn more they shouldn't be taxed more.
Everyone is taxed equally. Bill Gates pays the same tax rate on his first $50k as I do.Since you bring it up; I tink everyone should be taxed equally. 10% of a billion is more than 10% of a dollar but fair to both.
And then?
"Let me shed a tear for Bill Gates and the check he writes to the Fed every year.
I cry unabashedly for those poor, poor filthy rich people and all those big bad taxes they pay."
Not exactly a podium you will get elected on.
Until you understand those billions, could be paying wages, investing in start ups, buying services and capital (which benefits the sellers of services and capital -- who usually aren't of the Bill Gates type), or funding the Bill and Melinda Gates foundation, the single most philanthropic organization in the history of the planet.
Ah, yes, the ideological trade-off. The private sector when it's all said and done is more efficient with its investments than the public sector.
So, high taxes to fund a large public sector yields a less robust economy than low taxes to fund a small public sector.
However, the least efficient way of doing things is to have low taxes and just borrow to fund the large public sector. The festivities under that setup last for a while, but eventually it makes your economy collapse.
And of course, that's what we're doing.
Hey, if I were the single richest man to ever walk the face of the earth, I would be the greatest philanthropist too. Anything for a modi of a tax break.
Dont be fooled guy. I dont know what you do in real life, but I doubt you have intimate knowledge of how rich people operate. Serious doubts. I dont mean specifics, because I never cared, but to have actual conversation about economics, inheritance tax, Bill Gates and his philanthropy, all the foundations setup by these local rich s bags cheating on everything to squeeze what money they can, etc.
Its all bull . But if it was simplified, alot of lawyers would be out of jobs.
Flat tax wouldnt ever work. Ever.
If I make $100k, taking $20k is a bummer, but manageable.
If I make $30k, and you take $6k, thats a friggin problem for those people. That same individual is the person who gets money back at year end, which wouldnt be the case with the proposed flat tax.
Unless there were a graduated system with floors and ceilings, it just wouldnt work.
Look, I am in the upper echelon of income. But that doesnt make me blind to the fact that the people hurting for money cant spare anymore for the greater good. People like me can, and I would willingly do it.
Last edited by DarkReign; 07-11-2006 at 10:10 AM.
You lost me.
The cut in the tax rate has actually increased the federal tax revenues that are funding public sector investments. You're not moving the monies from the public sector to the private sector, you've increased both sector's available funds...hence, exponential increase in GDP.
It worked for Kennedy, Reagan, and now Bush.
The problem is that spending has risen proportionally...well, not quite proportionally since we're actually seeing the deficit drop somewhat. If the Congress would just quit spending the booty that results from this phenomenon, we'd see some real debt reduction and budget surpluses.
It's not the tax policy, stupid; it's the spending.
Don't get me wrong, the filthy 1% of the rich practically bathe in excess. But, that doesn't diminish the fact they contribute disproportionately, and exponentially, more to the economic engine of this country than the other 99%. Period. It also doesn't diminish the fact that if you cut their taxes, they have disproportionately, and exponentially, more to contribute to the economic engine of this country.
What is Microsoft's payroll? Would those people be better off if Bill Gates was poor? How about all the supplier to Microsoft? Would they be better off? How about he people who build the yachts, the gawdy homes, and the stretch limousines? How 'bout those who mow his yard, sit his children? Or, the caviar harvester? The lobster fisherman? The Tiffany lamp maker?
You accuse me of not understanding the rich. You obviously think they just sit on their riches. I'd rather their tax dollars go to pay the wages of a person than go to pay the rent of an unemployed person in Section 8 housing.
If he's not giving it to the federal government, he's spending it on these excesses...which benefit the rest of us. That's why GDP is up and unemployment is down.
Oh well. A class of people for which I have little sympathy. Maybe they could do the work all the illegals are coming across the border to do?
Who said I was proposiing a flat tax? Although it would be better than the current regressive tax plan, which also doesn't work, I was merely illustrating the current plan is punitive to the rich and a complete non-burden to the rest. That's unfair -- and, it harms the economy.
You could lower the tax rate to 2% if everyone paid proportionally. But, again, I'm not advocating a tax rate.If I make $100k, taking $20k is a bummer, but manageable.
If I make $30k, and you take $6k, thats a friggin problem for those people. That same individual is the person who gets money back at year end, which wouldnt be the case with the proposed flat tax.
I'm more in favor of a consumption tax-type plan where you pay taxes on the goods and services you can afford to buy.
After removing the hidden tax already imbedded due to the current tax scheme, prices would remain the same, or drop, and the government would be fully funded and no one would pay income tax.
Gee, isn't that what we have?Unless there were a graduated system with floors and ceilings, it just wouldnt work.
Unless it lowered consumer prices while not costing them a penny.Look, I am in the upper echelon of income. But that doesnt make me blind to the fact that the people hurting for money cant spare anymore for the greater good.
My favorite line from rich people. So, do you pay more than your annual tax bill? Because, Uncle Sam will take your check.People like me can, and I would willingly do it.
Why don't you do something smart with your excess money. Invest it in a start up business so those who would normally only get about 30% of the government handout, processed through Welfare, can put 100% of your money to work.
Here, this is what I advocate.
http://www.fairtax.org/
As the website says, The Fair Tax Plan:
- Abolishes the IRS
- Closes all tax loopholes and brings fairness to taxation
- Maintains our current Social Security and Medicare benefits
- Brings transparency and accountability to tax policy
- Allows American products to compete fairly
- Reimburses the tax on purchases of basic necessities
- Enables retirees to keep their entire pension
- Enables workers to keep their entire paycheck
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