Re: I should be paying more in taxes.. Archived Message
Posted by catching12  on November 21, 2010, 11:28 pm, in reply to "I should be paying more in taxes.. "
He an Bill Gates have excellent points regarding wealth and taxes. Buffet has always been a class act regarding taxes and equality. His quote about estate taxes, taken from a linked article...
""The resources of society I don't think should pass along in terms of an aristocratic dynasty of wealth," Buffett told the Senate committee. "I believe in keeping equality of opportunity as much as you can in this country.""
I couldn't agree more. A meritocracy is most favorable to innovation and our economy.
But we cannot forgot about TeaSpeak and the what the GOP really believes in...
- An economic "Race to the Bottom"
- Low taxes on the wealthy...because they need to expand business beyond our borders.
- Shifting the tax burden onto the lower and middle classes by replacing the income tax with a sales or VAT tax.
- Low upper-end taxes because the wealthy need more money to hire...despite the fact that they have relatively more wealth than ever before. Not to mention that they are more likely to sink their wealth into foreign investments instead of domestic consumption.
- Continue to allow Asian states to engage in currency davaluation.
- And they actually believe that a service-based, consumption & credit driven economy is better than a production-based, investment and ownership driven economy.
Fools.
And there is a great deal more where that came from...
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