The disproportionate tax burden

[creekster]

Originally Posted by ChinoCoug

that's a good point. Obama's new policies will encourage the middle class to save more. For example, many Joes currently don't take advantage of generous matching 401K plans that their companies offer. Under Obama, they will be signed on to those plans by default, and they can choose to opt out.

I suspect this isn't how you meant it, but I have always found the refernce by the rich to Joe lunch box or Joe six pack, etc., to be incredibly patronizing and offensive, to tell you the truth.

[Brian]

Originally Posted by MikeWaters

Why do the rich keep getting richer, and the middle class is stagnant? Because of market forces, or because of a system set up by the govt. that rewards the already rich?

Because most people don't know how to make and keep money.

[ChinoCoug]

Originally Posted by MikeWaters

Why do the rich keep getting richer, and the middle class is stagnant? Because of market forces, or because of a system set up by the govt. that rewards the already rich?

it's due mostly to runaway CEO pay that's uncorrelated with performance. we're turning into a plutocracy.

[creekster]

Originally Posted by ChinoCoug

it's due mostly to runaway CEO pay that's uncorrelated with performance. we're turning into a plutocracy.

You think the rich poor gap's increase is due to runaway CEO pay? Or do you mean that CEO pay represents the problem?

[ChinoCoug]

Originally Posted by creekster

I suspect this isn't how you meant it, but I have always found the refernce by the rich to Joe lunch box or Joe six pack, etc., to be incredibly patronizing and offensive, to tell you the truth.

OK, "median wage earner."

Originally Posted by creekster

You think the rich poor gap's increase is due to runaway CEO pay? Or do you mean that CEO pay represents the problem?

the former

[Indy Coug]

Incompetent ousted CEOs make so much money it even makes Juwan Howard blush.

[ERCougar]

Originally Posted by ChinoCoug

it's due mostly to runaway CEO pay that's uncorrelated with performance. we're turning into a plutocracy.

Let's just tax all the CEOs then. That should fix it.

[BlueK]

Originally Posted by Tex

Via Powerline:



The main reason Obama wants to raise taxes on the rich is because no one else is even paying them.

Oh, and if you pay taxes ... you're rich. Go figure.

http://www.powerlineblog.com/archive.../07/020953.php

Rather than complain about tax burdens, everyone should demand from their representatives that they dump the income tax and replace it with a consumption tax instead. Being taxed on what we consume of the earth's resources rather than what we produce makes so much more sense.

[MikeWaters]

Originally Posted by BlueK

Rather than complain about tax burdens, everyone should demand from their representatives that they dump the income tax and replace it with a consumption tax instead. Being taxed on what we consume of the earth's resources rather than what we produce makes so much more sense.

should be taxed at the corporate level as well.

[Levin]

Originally Posted by BlueK

Rather than complain about tax burdens, everyone should demand from their representatives that they dump the income tax and replace it with a consumption tax instead. Being taxed on what we consume of the earth's resources rather than what we produce makes so much more sense.

The economy would tank with a consumption tax b/c consumer spending would plummet; getting all that income tax money back, and then realizing you get to keep it if you don't buy things? My spending habits would change drastically.