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Old 02-23-2013, 10:55 PM   #215
KC native KC native is offline
a toda madre o un desmadre
 
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Join Date: Feb 2009
Location: Fort Worth, TX
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Quote:
Originally Posted by listopencil View Post
No, I was specifically referring to this comment of yours:



Aside from that, why do you have a problem with the people who generate the wealth keeping more of it than the people who don't? And I've addressed how the wealthy do pay more into the system even when you don't consider income tax.
Our tax system has historically been based on two things, fairness and ability to pay.

If we are going to raise sufficient revenue to fund the things that we as a society have deemed worth funding, we aren't going to get it by raising taxes on the lower rungs of wage earners. You can't squeeze blood from a turnip.

The wealthy get a tremendous deal in the USA these days. They have never seen lower tax rates (modern financial era, so after the creation of the Fed, no idea of before then). They have access to the best financial markets in the world. They have protections for their wealth.

The wealthy have an ability to pay more. Considering the tremendous benefits our society provides them and considering the magnitude of those benefits, it's also fair to expect them to pay more.

If we didn't have a debt load and deficits or the already promised benefits, then the rates as they are would be fine. Unfortunately, a little thing called reality gets in the way.
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