Mike 03
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Sun Feb-01-09 06:26 PM
Original message |
If someone has more Net Worth than you think is feasible, or is inappropriately large, what do you |
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Edited on Sun Feb-01-09 06:31 PM by Mike 03
propose should be done with their money?
Taxed by the IRS generally, and we don't know for sure for what they do with it?
Removed by the IRS and specifically redistributed among others who have less?
Redistributed to certain social programs, like feeding hungry children at school? Or providing medical care to those who don't have it?
Used by the government?
Used to the pay the salaries of people who serve the country but are improperly remunerated like teachers, social workers, soldiers, etc.?
Something else?
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BlooInBloo
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Sun Feb-01-09 06:29 PM
Response to Original message |
1. You may as well give it up. DU is virulently anti-rich people.... |
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Even though they're almost completely unable to distinguish *wealth* from *income*.
It's just the way it is.
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hedgehog
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Sun Feb-01-09 06:31 PM
Response to Reply #1 |
3. Well, then the question should ask about income, not wealth. |
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Of course, income should include ALL income, not just earned income!
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BlooInBloo
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Sun Feb-01-09 06:32 PM
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uppityperson
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Sun Feb-01-09 06:47 PM
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pnwmom
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Sun Feb-01-09 07:12 PM
Response to Reply #3 |
18. I think it might be the other way around. Total assets are probably a better |
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measure of wealth than someone's income at a particular point of time -- although age, health, and other factors would need to be taken into account, too.
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ProgressiveProfessor
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Sun Feb-01-09 06:34 PM
Response to Reply #1 |
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The confusion of income with wealth and lack of understanding of the different kinds of wealth here is very disheartening.
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BlooInBloo
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Sun Feb-01-09 06:37 PM
Response to Reply #6 |
7. (shrug) No matter what side of the spectrum we're on, we're still Americans... |
Mike 03
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Sun Feb-01-09 06:46 PM
Response to Reply #6 |
12. I agree, but this is very helpul to have some kind of discourse and |
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just get it out in the open, so we can all understand it better.
Maybe we can help correct some misinformation.
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BlooInBloo
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Sun Feb-01-09 06:50 PM
Response to Reply #12 |
14. Good luck. It takes *2* to have a discourse... |
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Otherwise, it's nothing more than the sound of one hand clapping.
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Mike 03
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Sun Feb-01-09 06:44 PM
Response to Reply #1 |
11. LOL, that's okay with me. |
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I'm learning a lot from these exchanges.
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hedgehog
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Sun Feb-01-09 06:29 PM
Response to Original message |
2. Unless you're suggesting the IRS keeps tax money, "they" is us, |
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as in government of, by and for the people. It's up to us to decide how tax money is spent.
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ProgressiveProfessor
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Sun Feb-01-09 06:32 PM
Response to Original message |
4. Depends what that net worth is based on |
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If its land they bought and have held as green space for 50 years against rapacious developers, why would you want it seized or sold off?
There are also a myriad ways to calculate net worth, and even more places to hide stuff so it can not be traced.
Before we discuss how to depend such proceeds, should it not be discussed how to generate them?
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marketcrazy1
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Sun Feb-01-09 06:43 PM
Response to Reply #4 |
10. I guess no deserves to be wealthy |
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or successful?? we should simply confiscate others wealth down to a level WE think is "fair"?????? are you serious!!?? what gives "us" the right to strip someone of what they have? as long as their "wealth" was lawfully obtained/received they have a right to keep it and we have NO RIGHT to take any of it beyond what is taxable under law.
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Donnachaidh
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Sun Feb-01-09 06:38 PM
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8. oh dear - the level of posts from the *don't hate me coz I'm wealthy* |
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Is now at the hip-deep level. :eyes:
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Warpy
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Sun Feb-01-09 06:42 PM
Response to Original message |
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are the only way to deal with the types of great fortunes that tend both to buy governments and to set up inherited aristocracies of wealth.
It depends on what kind of country you want. My ancestors fled aristocracy and I certainly don't want it recreated here.
The inheritance tax will disappear completely for one year only, 2010. If the streets don't run red with blood, it will be a miracle.
The limit on inheritance needs to be adjusted for inflation but the inheritance tax needs to be retained.
It's the only way we have of reducing the damage to our country of great family wealth.
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.... callchet ....
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Sun Feb-01-09 06:50 PM
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15. Get it first , then worry about what to do with it. That's what they did. |
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Edited on Sun Feb-01-09 06:50 PM by .... callchet ....
Spend it, spend it, spend it.. Like I hear at the boat docs all the time... Money ain't shit until you spend it. I don't like using foul language,
but I took license to print the saying.
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rwheeler31
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Sun Feb-01-09 06:50 PM
Response to Original message |
16. Is the wealth earned or unearned? |
BlooInBloo
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Sun Feb-01-09 07:27 PM
Response to Reply #16 |
20. The height of irrelevance. Money is fungible. |
aikoaiko
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Sun Feb-01-09 07:06 PM
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morillon
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Sun Feb-01-09 07:22 PM
Response to Original message |
19. Inheritance tax and income tax are plenty, IMO. |
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Limit people's ability to hide money offshore, reward them for giving money to charity, tax estates to avoid the building of a nouveau aristocracy, and eliminate tax breaks that don't reward socially responsible behavior. That's plenty.
Some people make more than others because they know how to do something that's worth a lot of money. I'm fine with a brain surgeon making more than I do. She can fix something I can't. She spent most of her life learning how to do it, too. Trying to make all salaries the same is unfair and just plain unrealistic, IMO.
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