Should our government go back to taking 90% of the wealth from the rich?

Question

This war was not paid for by raising taxes. We took at least 600 billion dollars minimum, 1 trillion max from other countries on loan. Half of that we owe to China and Japan. We have 400 billionaires in our country not to mention according to a yahoo article in 2005 that 8.9 percent of america are millionaires, thats 2.6 million. Tax them and help make our economy and country a better place for other people besides them.

Answer 1

Why should it be only their burden? They worked harder than you so you want them to pay for your end!

You want to take the money out of the hands of the people who will invest it and make new jobs.  The rich don't sit around and just count their money. They invest it so they can get even richer. Their investment grows jobs.

If that money is taken from them and given to you they won't be able to invest in new businesses no new jobs will be created and you'll just spend it on lotto tickets, beer and video games and think to yourself "why am I poor".

Answer 2

I'm not ready for socialism

Answer 3

That is definitely not the New World / Bush  Order agenda that is being played out now...

Answer 4

Yeah, let's penealize people for being successful.  That will motivate them.  

The rich already pay an overwhelming percentage of the total tax bill.  Taking the rest away from them isn't going to help a pathetic slacker like you.  Your life is always going to stink, because you think it is someone else's responsibility to make your life better.

Answer 5

KB,

Many of the billionaires are against the war, as are many millionaires. Why make them pay for it? That isn't just or fair.

"Ranger"

Answer 6

You don't have any so why not take it away from those that do...

Even if that doesn't help you, at least those others that had more than you are now just as miserable as you are... good thinking...

Answer 7

The governement isn't supposed to make your life better - YOU ARE!  That is the difference between you and them.  THey understand that and you dont.

How does that not disturb you - the idea that the govt can take away your private property because they have decided you dont need it.

And how does taking more money out of the private sector help the economy in any way shape or form?

Answer 8

This concept of "Taking from the rich and giving to the poor" is a very bad idea.

Most of the people who are concidered "rich" have worked their butts off to have the money they have.  Why should that money be taken from them and given to peole who have not worked equally as hard.  In other words, make everyone "equal".

I'm not saying that those who have money shoudln't help to support the governement and those who are down on their luck.  But if you take from those people who are building businesses and thereby employing and insuring 100 - 1000s of people, they will slow down growing their businesses.

What would be the point of building a business, working 19 hours a day to develop it.  Stress about keeping it afloat.  Deal with lawsuits and employee training and all the other c**p that comes with owning a business, just so I could give it away to the govenment to give to people who are barely participating in society.  

I think that millionares and billionares just seem so foreign to most peole that they are able to discount them as people who worked hard for their money, just like you did.

Dont get me wrong, i'm not millionare, but I do work hard for what I have, and it pisses me off when I have to give it to a bunch of beuracrats so they can redistribute it to those who don't.

Answer 9

They already are!! 86% of all taxes paid are from the top 25% of earners. The top 50% of earners pay 97%!!!!!!!!!!!!!

Before you liberals open your mouths to complain that rich people don't pay taxes, maybe you should do a little research into the facts.

What am I saying, liberals ignore facts that don't fit what they are brainwashed to think. Take a look for yourself, I posted a link to the IRS. I am sure you will come up with a typical liberal response like "They are lying", I can only lead a horse to water, I can't make him drink.

Answer 10

If you ever make a lot of money or worked day and night to earn a lot of money would you want the government to take it from you.That is called redistribution of wealth.

Answer 11

If they take 90% of the rich people's money, then they should take 90% of everyone's money.   The funny thing is that the top 10% richest people in this country already pay 90% of all taxes.

Answer 12

That's called socialism...

We don't want it.

Why punish those who are succesful????

Typical liberal BS.... blabber with no substance.

Answer 13

Tax them and completely cripple our economy.

Someone needs a basic economics course.

Our debt, as compared to GDP is fine.

My government bonds are part of that debt and are not fully mature for twenty years. You ain't paying me off early!! It's a legal contract.

In fact 1/2 of our debt is private investment.

Recheck your facts and you will find foreign government owned debt is much smaller than you think.

Your socialist, Marxist commy ideas of soaking the successful in our society will kill the drive to better ourselves and lower everyones quality of life.

Equal right as it pertains to the tax code needs to be pursued. Not the opposite.

All peoples pay the same percentage of either income or spending.

I'm for taxing spending and rebating the tax of poverty level moneys back. (Fair Tax.org)