Welcome to Cutting Edge. Guests can see and read the contents of most of the boards on this forum but need to become members to read all of them. Currently membership is instant, but new accounts may be deleted if not activated within fourteen days.

If you decide to join the forum, please open your welcome message for further details. New members are requested to introduce themselves on the appropriate thread on our welcome board.

Members may post messages and start threads, but it is essential that they read our posting rules and advice before doing so. If you have any immediate questions or queries, please post them on the suggestions board.

After posting at least ten messages, members are able to contact each other and the staff through our personal messaging system.

This forum is administrated by Ivan and moonbeam and moderated by boatlady and astradt1.

Thank you for visiting Cutting Edge.

Rich entitled brats should stop whining and pay more taxes

View previous topic View next topic Go down

Rich entitled brats should stop whining and pay more taxes

Post by ROB on Wed Oct 26, 2011 9:14 am


Why the rich should pay more taxes
Opinion: One economist argues that the rich can afford to pay more in taxes, without harming the economy.

America sacrificed equity for the false promise of efficiency and growth, and society is now more unequal than at any time since the early part of the last century.

Full story: http://money.msn.com/investing/why-us-should-spread-the-wealth-fiscaltimes.aspx?GT1=33002
avatar
ROB
Guest


Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by oftenwrong on Wed Oct 26, 2011 5:32 pm

ROB is right about REBs
avatar
oftenwrong
Sage

Posts : 11916
Join date : 2011-10-08

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by Ivan on Tue Jan 03, 2012 11:52 pm

Does anyone understand debt? Paul Krugman argues that they don't:-

"Deficit-worriers portray a future in which we’re impoverished by the need to pay back money we’ve been borrowing. They see America as being like a family that took out too large a mortgage, and will have a hard time making the monthly payments.

This is, however, a really bad analogy in at least two ways. First, families have to pay back their debt. Governments don’t - all they need to do is ensure that debt grows more slowly than their tax base. The debt from World War II was never repaid; it just became increasingly irrelevant as the U.S. economy grew, and with it the income subject to taxation. Second - and this is the point almost nobody seems to get - an over-borrowed family owes money to someone else; U.S. debt is, to a large extent, money we owe to ourselves.

Nations with stable, responsible governments - that is, governments that are willing to impose modestly higher taxes when the situation warrants it - have historically been able to live with much higher levels of debt than today’s conventional wisdom would lead you to believe. Britain, in particular, has had debt exceeding 100% of GDP for 81 of the last 170 years. When Keynes was writing about the need to spend your way out of a depression, Britain was deeper in debt than any advanced nation today, with the exception of Japan.

So yes, debt matters. But right now, other things matter more. We need more, not less, government spending to get us out of our unemployment trap. And the wrongheaded, ill-informed obsession with debt is standing in the way."


For the full article:-
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_r=1&src=tp

avatar
Ivan
Administrator (Correspondence & Recruitment)

Posts : 7175
Join date : 2011-10-07
Location : West Sussex, UK

http://cuttingedge2.forumotion.co.uk

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by ROB on Wed Jan 04, 2012 5:52 am


A rebellious-by-nature friend asked a question: What would the Chinese government do if the US government, when presented with China’s IOUs, took all of that paper out unto the Mall, lit it, and held a bonfire for D.C. kids, complete with roasted hot dogs, marshmallows, and hot chocolate?
avatar
ROB
Guest


Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by oftenwrong on Wed Jan 04, 2012 10:19 am

The reason it's called THE AMERICAN DREAM is because that's all it ever will be for 90% of the population there.
avatar
oftenwrong
Sage

Posts : 11916
Join date : 2011-10-08

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by ROB on Wed Jan 04, 2012 10:33 am

oftenwrong wrote:
The reason it's called THE AMERICAN DREAM is because that's all it ever will be for 90% of the population there.

I'm of the 10%. Fancy that. I never knew that I was norn with a silver spoon in my mouth. Pardon me while I extract another splinter from my tongue.
avatar
ROB
Guest


Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by Stox 16 on Thu Mar 01, 2012 4:45 am

RockOnBrother wrote:
oftenwrong wrote:
The reason it's called THE AMERICAN DREAM is because that's all it ever will be for 90% of the population there.

I'm of the 10%. Fancy that. I never knew that I was norn with a silver spoon in my mouth. Pardon me while I extract another splinter from my tongue.

Rock
most people over here only have one big dream,...its called winning the Euro millions ha ha
avatar
Stox 16

Posts : 1064
Join date : 2011-12-18
Age : 58
Location : Suffolk in the UK

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by trevorw2539 on Thu Mar 01, 2012 4:57 pm

most people over here only have one big dream,...its called winning the Euro millions ha ha .
Stox 16


Posts: 503
Join date: 2011-12-18
Location: Suffolk in the UK


It's not a dream. It's a nightmare! Fancy having to worry what to do with all that money. Probably drive me mad. Still I'm willing to take the chance Rolling Eyes


avatar
trevorw2539

Posts : 1371
Join date : 2011-11-03

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by oftenwrong on Thu Mar 01, 2012 5:24 pm

Curious how so many foreigners believe that the simple act of arriving in the UK is not dissimilar from winning the Euro Millions.

What do they know that we don't?
avatar
oftenwrong
Sage

Posts : 11916
Join date : 2011-10-08

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by ROB on Sun May 13, 2012 3:47 am

Stox 16 wrote:
Rock
    most people over here only have one big dream,...its called winning the Euro millions ha ha

Stox,

The most-frequented business establishment on my daily rounds is a convenience store I’ll call “Hit It & Quit It”, where I can refill a forty-four ounce cup with Diet Mountain Dew for ninety-six cents, including tax.

Whenever the lotto exceeds $20,000,000, I discipline myself to forego the forty-four ounce Diet Dew, add four cents, and pay one dollar for a “Quick Pick.” That’s for both the state lotto and “Powerball”, a multi-state lotto that sometimes has jackpots exceeding $200,000,000, two hundred million smackeroos.

I’ve won six dollars. In twenty years. So far.

It’s “Dream On Brother” for me.
avatar
ROB
Guest


Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by oftenwrong on Sun May 13, 2012 10:35 pm

Bread and circusses! For three thousand years, every Nation's Leaders have understood the need for an outlet for the ambitions of the proletariate.

Accordingly there are fantastic rewards on offer for being a successful Sportsman, Entertainer or Lottery winner, pour encourager les autres.
avatar
oftenwrong
Sage

Posts : 11916
Join date : 2011-10-08

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by Ivan on Tue Mar 31, 2015 12:12 am

avatar
Ivan
Administrator (Correspondence & Recruitment)

Posts : 7175
Join date : 2011-10-07
Location : West Sussex, UK

http://cuttingedge2.forumotion.co.uk

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by boatlady on Tue Mar 31, 2015 8:15 am

We could do with Elizabeth Warren in the Labour party - she puts the case very well for increased taxation of the rich
avatar
boatlady
Administrator (Global Moderator)

Posts : 3792
Join date : 2012-08-24
Location : Norfolk

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by stuart torr on Fri Apr 24, 2015 7:22 pm

Make her Chancellor would be a good idea I believe boatlady.
avatar
stuart torr
Deceased

Posts : 3187
Join date : 2013-10-10
Age : 57
Location : Nottingham. England. UK.

Back to top Go down

Re: Rich entitled brats should stop whining and pay more taxes

Post by Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum