Produce or Redistribute wealth ?

[cehs]

Which are you for?

Producing wealth or redistributing wealth?

I vote for the first.

:)

[smokin68]

Which are you for?

Producing wealth or redistributing wealth?

I vote for the first.

:)

I'm for both. I feel that if a business is profitable, that profit should be seen throughout the entire business. I.E., if your employees are making you $$$, you shouldn't pay them as little as possible to increase your personal profit. You should reward them for their excellance, and promote growth for your business and increased quality due to a caring attitude.

The old incentive "Work or be Fired" shouldn't have to be used.

I feel the number one thing that can be done to boost our economy would be to stop giving tax breaks or ANY breaks to companies that ship jobs out of this country for cheaper labor. Make them compete HERE.


Unfortunately, some of the most successful businesses right now go against what I said.......Walmart for example, where they screw the employee and pass the savings on to you, and the profits to the Waltons.

[hvacker]

Unless you live in Dubai the way to produce wealth is to produce jobs. People make money, people save and spend money, profits are made.

Wealth has to be redistributed through taxes fairly. I think the most out of balance part of the tax code is capital gains. Just think, I can sell stocks and only pay 15%.

You need to do both. They are not mutually exclusive.

We should apply tariffs to imports the same way other countries stick it to us. In kind.
Eliminating tax shelters for companies that only exist on paper.
Don't listen to the Limpballs out there about redistributing wealth. They are very rich and mostly use their influence to stay that way.

[whec720]

Wealth has to be redistributed through taxes fairly.

Oh brother.....:rolleyes:.......Let me ask you, who decides what is fair?:confused:

[DeltaT]

I'm for both. You guys produce money working your butts off then I want your wealth redistributed to me.....hummm, I think this might just starting happening soon........

[jrbenny]

Wealth has to be redistributed through taxes fairly.
Good grief.

I tell ya what. You and five of your friends work really hard. I'll just take 10% from each of you.

That will be a fair redistribution.




Are you for real?

[primmers]

great thing about living here in America is if you want wealth you can work for it, i dont want some sorry a$$ new president taking what ive earned and redistributing it to the worthless that wont work.
also if you dont think your getting a fair wage, you can move along to someone else.
aint America great??

[bigtime]

A small percentage of your tax dollar is "redistributed". Its you tax dollar and you have a right to *****, but its not that much.

Most of your tax dollars pay for things that benefit you, and unless you are making more than 100k per year, dont have a mortgage or kids, you are probably getting more benefit than you are paying for.

[primmers]

all i want the government to spend my tax dollars on is killing our enemys..and maybe keeping the railroads running and air traffic control..but thats it.

[whec720]

A small percentage of your tax dollar is "redistributed". Its you tax dollar and you have a right to *****, but its not that much.

Most of your tax dollars pay for things that benefit you, and unless you are making more than 100k per year, dont have a mortgage or kids, you are probably getting more benefit than you are paying for.

Or....probably not. Maybe, we are getting screwed.:cool:

[hvacker]

Oh brother.....:rolleyes:.......Let me ask you, who decides what is fair?:confused:

Congress could and should.
As long as America elected elitists to rule them the tax system would benefit the elitsts.
Do you think a tax system that in theory encourages investment for those with money is best or a system that puts more money in working people's hands is a better idea?
Henry Ford belived if he paid his workers $5 hr they would be able to buy his cars.
Beginning with Regan the middle class has suffered. Again it's not the conservatives it's the elitist.
The shift of capital in our country is beginning to look the days of the railroad and steel barons.

[primmers]

well i wanted to be a capitalist..now i will strive to be an elitist..

[RoBoTeq]

Let's put it this way; we need to produce in order to redistribute but redistribution provides no production effort.

Greed is always the primary destroyer of nations. When a certain small group of individuals or organizations decide to reap much more then they sow, things get out of hand and lopsided pretty quickly.

In the U.S we have several greedy factions tearing the pie into pieces and now clammering to grab the crumbs since they have destroyed the pie. Some, not all, of these greedy entities are corporate bigwigs, politicians, union leaders, illegal immigrants etc.

I know I'll get blasted for putting illegal immigrants in the same catagory as corporate bigwigs as they seem to be more opposites than alike. However; in the realm of greed, the sheer number of illegal immigrants cost the U.S. as much as the greed of the much lesser number of corporate presidents, CEO's and CFO's.

[texas cooler]

Wealth has to be redistributed through taxes fairly. I think the most out of balance part of the tax code is capital gains. Just think, I can sell stocks and only pay 15%.

I find it interesting that an individual is responsible for taxes on an unlimited amount of capital gains but can only deduct $3000.00 in capital losses per year. If I have a bad year in the stock market I can only deduct a small portion of the loss but if I have a great year I'm slapped with a huge tax bill.

[whec720]

Congress could and should.
As long as America elected elitists to rule them the tax system would benefit the elitsts.
Do you think a tax system that in theory encourages investment for those with money is best or a system that puts more money in working people's hands is a better idea?
Henry Ford belived if he paid his workers $5 hr they would be able to buy his cars.
Beginning with Regan the middle class has suffered. Again it's not the conservatives it's the elitist.
The shift of capital in our country is beginning to look the days of the railroad and steel barons.

Congress can not and should not. According to Section 8 of the US Constitution, Congress does not have the authority to tax at their liesure. The guidelines are set in place to discourage such behavior. After all, they did not want another Parliament.

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

[whec720]

I find it interesting that an individual is responsible for taxes on an unlimited amount of capital gains but can only deduct $3000.00 in capital losses per year. If I have a bad year in the stock market I can only deduct a small portion of the loss but if I have a great year I'm slapped with a huge tax bill.

Perhaps that is Congress being "fair" to you.:rolleyes:

[texas cooler]

Perhaps that is Congress being "fair" to you.:rolleyes:

And there is not a thing I can do to prevent the seizure of gains that I made from calculated risks. :(

Have an appointment with my CPA tomorrow afternoon. He's been swamped by other business people attempting to avert disaster before the "change" takes place.

[whec720]

And there is not a thing I can do to prevent the seizure of gains that I made from calculated risks. :(

Have an appointment with my CPA tomorrow afternoon. He's been swamped by other business people attempting to avert disaster before the "change" takes place.

Ahh...but that is some change you can believe in.:D:D

Seriously, hope things work out for you.:)

[hvacker]

And there is not a thing I can do to prevent the seizure of gains that I made from calculated risks. :(

Have an appointment with my CPA tomorrow afternoon. He's been swamped by other business people attempting to avert disaster before the "change" takes place.

Why would you think that the gains you made from risk is any different than any business?
On my schedule "C" is a question "What % of your investment is at risk?
With me it's 100%.
And I'm also can't prevent an asset seizure.

[hvacker]

Congress can not and should not. According to Section 8 of the US Constitution, Congress does not have the authority to tax at their liesure. The guidelines are set in place to discourage such behavior. After all, they did not want another Parliament.

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

Congress rewrites the code often. Your remarks seem to be contradictory. First you say Congress can't, then Congress can. Maybe it's my glasses.