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Author Topic: Do you think the "rich" should be paying more in taxes? Back to Topics
101Speedster

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Ventura

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Message Posted: Aug 20, 2005 3:12:20 PM

If so, how do you define rich?
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Chiefaz
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Message Posted: Sep 17, 2014 4:44:51 PM

RJhenn
You sure are touchy on this subject. Yes, I know the difference between
active duty and reserves. I had both working for me at Danang AB I Corp.
I'll drop the subject before you let something slip.
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 17, 2014 2:46:23 PM

Chief, do you understand the difference between "active duty" and "Reserves"?

But, yeah, I was in the Reserves.

From '79 to '82.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Sep 17, 2014 12:09:30 PM

Chief - you know you can just write on rj's whiteboard, right?

Just sayin'... ;)
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 17, 2014 11:54:08 AM

RJHenn
In the military 1970 to 1979. 5 years of the Vietnam War. I know very few people who missed the war. You weren't in the Reserves by any chance, were you?
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 17, 2014 8:23:35 AM

Heck yes "we're winning" !!! People are the same all over the world. You work hard, earn, and you want to enjoy the fruits of your own labor. You want to spend the money you worked hard for. As for China's (new) wealthy, as long as they didn't get rich by oppressing thousands of peasants-turned-factory-workers, polluting the environment, and breaking international law by dumping cheaply-made products in other countries around the world, I'm okay with them wanting to get their wealth away from a usurping central government. If they have done dastardly deeds in order to get rich, they need to spend more time in the logging camp.

[Edited by: I75at7AM at 9/17/2014 8:23:54 AM EST]
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 17, 2014 12:14:39 AM

I75at7AM - "I guess they aren't buying into the communist mantra "From each according to his ability, to each according to his need" so much anymore......."

Despite the fact that the PRC is ruled by the Communist Party, they're hardly Communist any more. Totalitarian, sure, but not really communist.

"(Rich, greedy bastages!)"

Does that mean we're winning? In the sense that they're becoming just like us?
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 16, 2014 3:38:28 PM

Back to the topic - sort of.

Half of China’s wealthy want to emigrate within 5 years

I guess they aren't buying into the communist mantra "From each according to his ability, to each according to his need" so much anymore.......

(Rich, greedy bastages!)
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 16, 2014 11:25:41 AM

RJHenn
Defensive aren't we? Just wanted to know if you had time in Nam.
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 16, 2014 2:57:26 AM

Nope. What does that have to do with anything?
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 15, 2014 10:45:27 PM

RJHenn
Any time in Nam?
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Weaslespit
Champion Author Cincinnati

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Message Posted: Sep 15, 2014 4:55:22 PM

Thank-you for your service, rj - I didn't realize that you were a Veteran.
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 15, 2014 3:30:59 PM

Troller_Diesel - "Easy. If you have money that you earned and didn't get from a government benefit - you're rich!"

So someone who simply inherited a few billion is or isn't rich?

I mean, they didn't earn it, and they didn't get it from a government benefit (unless you regard the government's failure to tax the inheritance to death as a benefit).

There's also the question of whether, or how, you "earned" it. Did a drug kingpin, who "earned" his money by destroying lives, really "earn" it?

How about an industrialist, who "earned" his money by underpaying those who worked for him and ripping off his customers, possibly with the help of a corrupt government?

What if you simply stole it? Aren't you "rich"?

[Edited by: rjhenn at 9/15/2014 3:34:42 PM EST]
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 15, 2014 3:28:15 PM

Chiefaz - "What war was you in?"

I was active duty from '70-'79.
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Troller_Diesel
Champion Author Denver

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Message Posted: Sep 15, 2014 2:46:47 PM

Easy. If you have money that you earned and didn't get from a government benefit - you're rich!

And Robin Hood of the Democrats must ride to the rescue of the poor and take it away from you!

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101Speedster
Champion Author Ventura

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Message Posted: Sep 15, 2014 2:18:03 PM

We still need to define what "rich" is.
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 15, 2014 11:12:54 AM

RJHenn
What war was you in?
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Weaslespit
Champion Author Cincinnati

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Message Posted: Sep 15, 2014 10:17:34 AM

Updated;

"WeaselSpit
What do you want me to contribute?
Something that you can understand?
Sorry, I missed kindergarten,"

You haven't mentioned the subject since 8/29, yet have posted '7' times since - all aimed at degrading other posters.

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rjhenn
Champion Author Des Moines

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Message Posted: Sep 14, 2014 8:41:29 PM

Chiefaz - "Someone has to fight you genius's wars? You start them, we have to finish them."

Sorry, Chief, wrong again. I did my time.

Though "genius" is pretty close to true. 7;-]

[Edited by: rjhenn at 9/14/2014 8:41:44 PM EST]
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 14, 2014 11:27:08 AM

RJhenn
Someone has to fight you genius's wars? You start them, we have to finish them.

[Edited by: Chiefaz at 9/14/2014 11:27:56 AM EST]
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 14, 2014 1:16:09 AM

Chiefaz - "Yep I was born a college graduate."

With the quality of your posts here, it's hard to believe you ever made buck sergeant, much less were allowed to re-up and made it to retirement.
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 13, 2014 12:45:02 PM

RJhenn
Yep I was born a college graduate. Seems right with all the genuis' on these topics??????????????/
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Weaslespit
Champion Author Cincinnati

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Message Posted: Sep 11, 2014 4:34:08 PM

"WeaselSpit
What do you want me to contribute?
Something that you can understand?
Sorry, I missed kindergarten,"

You haven't mentioned the subject since 8/29, yet have posted 5 times since - all aimed at degrading other posters.

Was that really too difficult to understand?
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 11, 2014 4:01:31 PM

Chiefaz - "Sorry, I missed kindergarten,"

And, apparently, grades 1-12+.
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 11, 2014 11:37:54 AM

WeaselSpit
What do you want me to contribute?
Something that you can understand?
Sorry, I missed kindergarten,
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Weaslespit
Champion Author Cincinnati

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Message Posted: Sep 2, 2014 8:45:50 AM

"Weasel
Then why are you still here??????????????????"

Still waiting for you to contribute, 'chief'. ;)

Or did you forget that the topic is not about those who disagree with your POV regarding Obama?
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 2, 2014 12:22:06 AM

Chiefaz - "Just the truth oh holey one?"

Reality doesn't agree with you.

In more ways than one.
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Chiefaz
Champion Author Phoenix

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Message Posted: Sep 1, 2014 12:06:12 PM

rjenn
Just the truth oh holey one?
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rjhenn
Champion Author Des Moines

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Message Posted: Sep 1, 2014 2:49:05 AM

Chiefaz - "You will be a realist when you get your head out?"

Projecting, Chief?
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Chiefaz
Champion Author Phoenix

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Message Posted: Aug 31, 2014 10:44:27 AM

Weasel
Then why are you still here??????????????????
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 30, 2014 7:11:46 PM

"Since when is realism "liberalism"?"

When you cannot contribute intellectually to the subject being discussed... ;)
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 30, 2014 7:11:03 PM

"That's Hillary Clinton's line. No matter what type of spin you attempt to place on the issue, capital is still after tax dollars. The higher the percentage of a person or corporation's income used to pay tax, the less that is left over as capital."

It is a variable that has little influence in (note I did not say "none"), despite what many in reality the GOP would like to believe.

But, spin away!
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Chiefaz
Champion Author Phoenix

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Message Posted: Aug 30, 2014 11:46:23 AM

rjhenn
You will be a realist when you get your head out?
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rjhenn
Champion Author Des Moines

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Message Posted: Aug 30, 2014 3:05:40 AM

Chiefaz - "Weasel and RJhenn
Look out, your liberalism is showing????????????????????????"

Since when is realism "liberalism"?
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Chiefaz
Champion Author Phoenix

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Message Posted: Aug 29, 2014 10:47:07 PM

Weasel and RJhenn
Look out, your liberalism is showing????????????????????????
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SoylentGrain
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Message Posted: Aug 29, 2014 5:27:53 PM

"Which any company that is solvent has, regardless of tax rates..."

That's Hillary Clinton's line. No matter what type of spin you attempt to place on the issue, capital is still after tax dollars. The higher the percentage of a person or corporation's income used to pay tax, the less that is left over as capital.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 29, 2014 2:15:31 PM

"Weasel
Under O-Vomit, not for long!"

What? Seems like we have been hearing stuff like this for 6 years now - how long is "not for long"?
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rjhenn
Champion Author Des Moines

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Message Posted: Aug 29, 2014 1:36:05 PM

Chiefaz - "Under O-Vomit, not for long!"

Paranoia.
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Chiefaz
Champion Author Phoenix

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Message Posted: Aug 29, 2014 1:34:28 PM

Weasel
Under O-Vomit, not for long!
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 29, 2014 9:05:13 AM

"You have to have capital to spend, first."

Which any company that is solvent has, regardless of tax rates...
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SoylentGrain
Champion Author Illinois

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Message Posted: Aug 28, 2014 4:45:26 PM

You have to have capital to spend, first.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 28, 2014 4:30:14 PM

"I said less tax paid leaves the company with more capital. More capital means a company can invest money to impact the things you mentioned."

Typically, the money saved from the activity is what justifies spending the capital.
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SoylentGrain
Champion Author Illinois

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Message Posted: Aug 28, 2014 4:25:48 PM

"You can't raise prices of a product in a vacuum simply because of taxes."

Never said that. I said less tax paid leaves the company with more capital. More capital means a company can invest money to impact the things you mentioned.

[Edited by: SoylentGrain at 8/28/2014 4:26:34 PM EST]
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rjhenn
Champion Author Des Moines

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Message Posted: Aug 27, 2014 4:05:43 PM

So you're talking politics ("election-year demagoguery"), and not anything that actually matters? 7;-]

How about the Buffett remark?

[Edited by: rjhenn at 8/27/2014 4:06:24 PM EST]
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flyboyUT
Champion Author Utah

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Message Posted: Aug 27, 2014 3:16:06 PM

Come on guys - keep up with the real world will you.
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>>>U.S. President Barack Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions" and called on Congress to pass a bill to end the practice.
During remarks to a rowdy crowd at the Los Angeles Technical College, Obama promoted what he called "economic patriotism" and made clear he believed the companies that were engaging in such practices were not being patriotic. The president is in California on a three-day fund-raising swing for Democrats.
So-called inversion deals occur when a U.S. company acquires or sets up a foreign company, then moves its U.S. tax domicile to the foreign company and its lower-tax home country.<<<
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Then there is this of course.
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>>>President Obama and many congressional Democrats argue that US-based multinational firms are being unpatriotic by moving their corporate addresses overseas in order to reduce their taxes. Obama even implied they are “corporate deserters.” These are powerful, emotionally-charged allegations. But are they fair?

Is it unpatriotic to maximize tax savings? After all, companies and individuals do it all the time. Or is it only unpatriotic to reduce taxes by shifting your legal headquarters to a low-tax country?

Obama is mostly engaging in election-year demagoguery. The US does a remarkably poor job taxing multinational corporations, but Obama is over the top when he claims that certain firms that manipulate the tax code are unpatriotic.<<<
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Guys I could fill up the entire topic with places that say that Obama and his henchmen say that not paying more taxes is unpatrotic - how many do you want?
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 27, 2014 12:41:42 PM

"Wrong. Taxes affect retained earnings. If company one has higher retained earnings than another, that places the company with higher retained earnings in a position to build plants with lower operating costs, expand or grow, or shave prices to gain share in their existing market.

As a product manager and marketing director within a Fortune 50 company and business owner for well over three decades, I well experienced as to the opportunities a sales force will take to lower prices. If a large organization gains a competitive edge, whatever it is, senior management is going to have a battle with sales. That's the way it works."

You can't raise prices of a product in a vacuum simply because of taxes. It will affect your ability to be competitive in the market. What you would do is try to find cheaper sources for materials, reduction in processing costs, etc. VA/VE activities... Taxes are far, far down the list of variables that impact the price of a product.

But I work in manufacturing of products, so what do I know. :)
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Weaslespit
Champion Author Cincinnati

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Message Posted: Aug 27, 2014 12:31:37 PM

"I didn't see anyone say anything about "unpatriotic". Strawman?"

I was wondering the same - he must have been referencing some other source since nothing to that end has been posted here.
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rjhenn
Champion Author Des Moines

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Message Posted: Aug 27, 2014 12:28:45 PM

flyboyUT - "What I find hilarious is that BK is suddenly "unpatriotic" because they don't wish to pay High US taxes on profits earned elsewhere. So the libs are all bent out of shape that them 'rich fat cats/corporations' are trying to avoid "paying their fair share" again."

I didn't see anyone say anything about "unpatriotic". Strawman?

"But when they are told the deal is being financed and done by Warren Buffet - Obama's fair haired token fat cat everyone seems to slink away."

And most of the discussion on it looks to have happened AFTER reb4 mentioned "the financial wizard of Omaha".

[Edited by: rjhenn at 8/27/2014 12:30:20 PM EST]
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flyboyUT
Champion Author Utah

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Message Posted: Aug 26, 2014 5:57:01 PM

What I find hilarious is that BK is suddenly "unpatriotic" because they don't wish to pay High US taxes on profits earned elsewhere. So the libs are all bent out of shape that them 'rich fat cats/corporations' are trying to avoid "paying their fair share" again.
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But when they are told the deal is being financed and done by Warren Buffet - Obama's fair haired token fat cat everyone seems to slink away.
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SMG and some of that ROTFL too

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rjhenn
Champion Author Des Moines

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Message Posted: Aug 26, 2014 4:30:58 PM

BK moving their HQ to Canada doesn't have that much to do with the nominal tax rate. The big difference is that the US charges tax on all of a U.S. corporation's income, no matter where it's earned. Most countries only tax that part of the income that's earned in that country.
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SoylentGrain
Champion Author Illinois

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Message Posted: Aug 26, 2014 12:12:57 PM

"It only affects their profits. The cost of a product is determined by raw material cost, processing cost, and a mark-up for profitability on the item without pricing it out of the range of competitiveness..."

Wrong. Taxes affect retained earnings. If company one has higher retained earnings than another, that places the company with higher retained earnings in a position to build plants with lower operating costs, expand or grow, or shave prices to gain share in their existing market.

As a product manager and marketing director within a Fortune 50 company and business owner for well over three decades, I well experienced as to the opportunities a sales force will take to lower prices. If a large organization gains a competitive edge, whatever it is, senior management is going to have a battle with sales. That's the way it works.



[Edited by: SoylentGrain at 8/26/2014 12:22:04 PM EST]
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