regressive tax is doomed to fail. Rich can afford to pay more. As they should. Also rich can do this really effective thing called Lobbying. See, they can buy lobbyists, which do whatever it takes to get the targeted official to side with their client. Now I’m sure you will point out Obama and his contradiction on that issue (by making exceptions to a lobbyist to be in his cabinet), but my issue isn’t the lobbyist, but the ones who are able to afford lobbyist. AKA the RICH.
http://business.timesonline.co.uk/tol/busi…icle1995931.ece
Mr. Buffet seems to think so as well. Granted this is just another stunt by the Buffmaster to make more money, but I like this article because it points out some of the obvious:
Republicans want to make up for revenue by taxing the poor.
Rich people can afford the “heavy” tax burden, because they have more ways to avoid portions of it.
It would cause the rift between rich and poor to grow larger than it already is.
“You could take that $30 billion and give $1,000 to 30 million poor families, or should you favour the 12,000 estates and make 30 million family pay an extra $1,000?,” he said.
now why on earth would we want to do that? Seeing how as you all said, a percentage of low income families don’t pay federal taxes. It only makes sense to tax the rich more.
Boohoo that’s so mean of us to do, taking almost 50 percent of their moneys. We shouldn’t be mean to people who make billions. Cuz if we tax them, they will still have billions?? And will probably make a profit that year. While little old grandma in Low Income, United States, won’t get taxed as much, but still wont be able to afford anything close to what Mr. Billionaire has.
You guys always fail to figure in quality of life, and price of living. House + Car is almost 80 percent of a persons (who makes 100k or less) income. While Mr. Moneybags can afford to buy 10 houses, rent off 8, own a car company, and a few Yachts. Assets = another reason they are taxed more. More assets you have, the more they should pay for our governments services.
And as far as people who don’t pay taxes. Some people just can’t afford too. That doesn’t mean they are criminals, or evil people, that we should just toss them aside and not allow them to vote. Granted, there are some people who try and cheat the system, but there are many more who just have had some bad luck. And don’t say there is no such thing as bad fortune, because if a man can be born with a billion dollars to his name, than a man can be born with nothing, on the streets. And both men in my eyes, regardless of taxes, are citizens of the United States, and I’ll be damned if I ever let any republican try to take that away.
I’d rather give 1000 cheaters the benefit of our system, than punish 1 person who honestly just has had some bad luck and needs a helping hand.