No that does not do. You were asked to quantify how many of the poor represents a good portion. Clearly you have to tell us how many of the poor are disabled and unable to compete. The quote you provided did not give that statistic.
Wow, not much thought on that. Putting the money back into the business instead of paying out huge salaries to execs and perpetuating false hope to dividend and shareholders is not sound business, but it is what happened all through the last decade. By reinvesting in the company instead of moving money around in a shell game to maximize the idea that growth is happening is what got us in the situation we are in. Investors have gotten to the point that what was considered a reasonable profit in the 80's is now substandard. In the 90's a huge boom took over after the 1989 recession, when it petered out in 2000 companies took to lying, cheating and floating unstable securities to match the margins they had in the 90's (Enron and Worldcom)-this is what led to the huge bubble on Wall Street. I have also heard of people that don't believe in social contracts, these are people that believe that business and profit are more important the the health of a nation or it's people. Never seeing the long view of what this does to the society they profit from it usually leads to great upheaval. They believe that a healthy business will automatically lead to a healthy populace, they have completely forgotten the history of the industrial revolution here in the US and the living standards of the time.
Many of the poor have in fact nothing much to lose. . .only their life! I guess we all know how stressful it is to risk losing 50% of our 401K if the stock market crash! That is soooo much more stressful than. . .not having a 401K!
You would trust politicians to have a Constitutional Convention?
There is nothing to stop politicians from increasing the prebate to $30k per year... That way every American would have a guaranteed income of $30k. I'm sure if they asked the American people, an overwhelming majority would be in favor of raising the prebate to such a level, or even higher.
So, you think it is fair for a family of 4 making $22,000 a year to pay $2,200 in taxes, and be left (after working full time, sometime 2 jobs) with $19,800 to pay their housing, their food, their health care, their transportation, and . . .obviously, save to be able to send their kids to college, so they can have "equal opportunity" to become millionaires. ..
when another family of 4, making $22 millions a year pays $2.2 millions in tax, and is left to raise their kids, pay their mansion's mortgage, their Lexus and their Mercedes, their Summer beach house, their health care (including cosmetic surgery!), their home designers, their jewelers, and their yachts with ONLY $19.8 MILLIONS?
Yep. . .I can see this is very fair: a family of 4 surviving on less than $20,000 a year, and a family of 4 surviving on less than $20 millions a year.
That's perfectly fair!!!!
Yes... a flat tax on all income, regardless of source, and without any deductions.
If you were open minded enough to learn more about the "Fair Tax" you'd probably like it... for all the reasons that I think it's bad idea, like the generous "prebate" system. I imagine you'd probably like the idea of giving every single American a government check for something like $12k every year.
