'Emergency' Tax on the Rich Roils Britain

MsMorrisine

Another money grab... who even dared to bring this up?



I have a new tax idea.... The All Former Politicians and Their Estates for Being Immensely Lame With The People's Money Tax.



The politicians are talking clawbacks for bankers.

I think we need some clawbacks for politicians.

jmski52

"tax the rich to avoid social unrest"

Does anyone seriously think that taxing the rich would appease the socially-unrested?

I really like the political clawback idea. Retired politicians' net worth should be no higher when they leave office than when they first took office. And if there's been inflation, hey - they should've done a better job and shouldn't have blown so much money to buy votes.

OnlyGoldIsMoney

Emergency?

During the 1960's the Pennsylvania Legislature increased the sales tax from 5% to 6% on a supposed short-term 'emergency' basis.

35 years later the sales tax is still 6%.

Jinx86

Shouldnt an "emergency" tax come with a time line begining to end, to me that seems to only way such a thing cound be voted in.

PerryHall

What's wrong with some "emergency spending cuts"?

Barndog

<< <i>What's wrong with some "emergency spending cuts"? >>



solutions that work are not an option, you should know that by now

PerryHall

As Margaret Thatcher once said: "The problem with Socialism is that you eventually run out of other people's money." So true.

cladking

They could do it like we do; cut rich peoples' taxes and increase spending aternately every four years.

fishcooker

I don't think the 10% tax bracket cut rich people's taxes, but your results may vary.

jmski52

When they say "tax the rich", what they really mean is tax the middle class. Taxing the rich is like a drop in the bucket.

The rich ship the working stiff's job overseas and the government wants to take what's left of his equity. The poor are used as pawns so that the government can prey on peoples' emotions.

Before our structure breaks down, we have to get people into government who want to do right by the people and who don't care about being re-elected, and we have to absolutely throw out the scam artists, which amounts to a very high percentage of the 546 folks in the halls of power.

cladking

<< <i>When they say "tax the rich", what they really mean is tax the middle class. Taxing the rich is like a drop in the bucket.

The rich ship the working stiff's job overseas and the government wants to take what's left of his equity. The poor are used as pawns so that the government can prey on peoples' emotions.

Before our structure breaks down, we have to get people into government who want to do right by the people and who don't care about being re-elected, and we have to absolutely throw out the scam artists, which amounts to a very high percentage of the 546 folks in the halls of power. >>



Yes. This is what they do; cut the rich taxes and increase the middle clkass cash-cow.

The reason to tax the wealthy isn't so much to raise money. Yes, restoring taxes on the
wealthy to the levels they were back when the economy ran right (1959 91%) would raise
a huge amount of taxes but such a restoration of onerous taxes isn't right.

What we need is to just double or triple the taxes on those people who think it's funny to
close down a factory and ship the jobs to China to make a few hundred dollars. There's
no apparent limit to greed any longer so the country is being taken to the cleaners by pro-
tectionist big business and tycoons who keep most of their ill-gotten gains.

Maybe far higher taxes will also show these people the human race isn't really dependent
on them. Maybe when their hat size comes back down to earth they'll even find that work-
ing for only a few million dollars a year (net) is still fun. Maybe they'll find that trying to make
a better product at a lower price is even more profitable than ripping off consumers, feeding
them poison, and shutting down factories.

Concentration of wealth is simply even more evil than onerous taxes. They will cut each
others throats and the American people until one person ends up with all the money.

tincup

Raising taxes will not accomplish a thing.... .....until those in power stop spending money that is not theirs to begin with, and spending money they don't have. Until the mindset changes and some attempt is seriously made to stop the corruption and influence peddling and self interest, nothing will change.

cladking

<< <i> Until the mindset changes and some attempt is seriously made to stop the corruption and influence peddling and self interest, nothing will change. >>



This is what the rich people are buying; government.

They buy regulation to stop competition and regulators to overlook their more unsavory activities like stealing.

Very much higher taxes will reduce their influence in Washington and might allow for campaign finance reform.

Barndog

<< <i>

<< <i> Until the mindset changes and some attempt is seriously made to stop the corruption and influence peddling and self interest, nothing will change. >>



This is what the rich people are buying; government.

They buy regulation to stop competition and regulators to overlook their more unsavory activities like stealing.

Very much higher taxes will reduce their influence in Washington and might allow for campaign finance reform. >>



"rich people" of course does not include unions, since those are hard working Americans. C'mon.

jmski52

Increasing taxes might not even have been necessary if they had prosecuted the Laws in the first place, instead of pretending that we need even more of them.