How Much Is "Enough?"

[Ron]

I stopped in at my local Safeway and it is Unionized & there contract is up for renewal with about a 95% yes strike vote under thier belt.
The clerk and I were discussing the rising costs of Gas (up 120% in the past 3-4 years, food costs up an average of 25% last couple of weeks).

While I am in no ways a full blown socialist, I ask this question-

"How much is enough?"

The clerk made a statement that stuck in my mind when she said that, "it used to be companies were content to make millions, now it is billions! It never seems to be "Enough!"

So I ask you,


"How much is 'Enough??"

[Praxeas]

Through all the economic issues there are a few very rich that are getting even richer and it will be the middle class that finances their wealth. It's called Greed.

[Ron]

Originally Posted by Praxeas

Through all the economic issues there are a few very rich that are getting even richer and it will be the middle class that finances their wealth. It's called Greed.

While I am in disfavor of Income Taxes in general, if we do have them, have it set at a flat rate across the board say 30%.

That way everyone pays thier fair share.

[Ferd]

Originally Posted by Ron

While I am in disfavor of Income Taxes in general, if we do have them, have it set at a flat rate across the board say 30%.

That way everyone pays thier fair share.

this will give rich people more and poor people less.... in both Canada and America.

[Ron]

Originally Posted by Ferd

this will give rich people more and poor people less.... in both Canada and America.

I don't see how it would, the rich have loop holes, the poor don't.
Unless I am missing something.

[Ferd]

Originally Posted by Ron

I don't see how it would, the rich have loop holes, the poor don't.
Unless I am missing something.

Ron, even when you factor in the "loopholes" rich people pay a larger percentage of their income in taxes than the poor.

the average rate in America for the middle class starts at 28% and goes down due to tax breaks and credits. the poor pay either 15% or nothing.

the more wealthy pay as much as 35%.

Now the super rich who gain most of their income from Capital Gains pay a rate of 15% in capital gain taxes. However they are all business owners who support millions of households as employers.

These super rich who are investors in these businesses, if you factor in the incomes they pay employees (who are generally middle class and upper middleclass and even upper class) their actual rate that they pay exceeds 50% of the grosss income of their businesses.

Then when you factor in the number of middle class people who are invested in their busineeses via 401K or what ever retirement plan you have in Canada, these ultra rich drive the economic engines that the rest of us live by.

[Praxeas]

Originally Posted by Ron

While I am in disfavor of Income Taxes in general, if we do have them, have it set at a flat rate across the board say 30%.

That way everyone pays thier fair share.

30% for the middle class. lower middle class and those around poverty level is much bigger burden than those that are upper class and just plain filthy rich

[Ron]

Originally Posted by Praxeas

30% for the middle class. lower middle class and those around poverty level is much bigger burden than those that are upper class and just plain filthy rich

Maybe you are right, I was just thinking of something flat across the board.
Just a suggestion.

[Praxeas]

Originally Posted by Ron

Maybe you are right, I was just thinking of something flat across the board.
Just a suggestion.

It should be a tiered rate. However if we eliminate all the deductions then charitable giving might be reduced since a lot of times people that have lots of money give because they get a huge deduction

[Digging4Truth]

Originally Posted by Praxeas

Through all the economic issues there are a few very rich that are getting even richer and it will be the middle class that finances their wealth. It's called Greed.

What we have here... is a disappearing middle class.