OT Unregulated capitalism killing the American Dream

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Hoopguru said:
I dont but that America is this planets evil and I never taught my kids or grandkids that.
This country has done a lot good around the world too.
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As usual, I agree with you.
 
Hoopguru said:
I dont buy that America is this planets evil and I never taught my kids or grandkids that.
This country has done a lot good around the world too.
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I didn't suggest America is this planets evil. There are obviously much worse and more evil places. But those places don't have the capacity to cause as much harm or do as much good as we do.

That doesn't excuse our evil acts.

We should not accept evil acts just because there have been good acts as well. All evil acts should be condemned and we should strive to eliminate all evil acts as policy.

If all of the good people just moved out it would be impossible for our country to be anything better than evil.
 
Phatguysrule said:
I didn't suggest America is this planets evil. There are obviously much worse and more evil places. But those places don't have the capacity to cause as much harm or do as much good as we do.

That doesn't excuse our evil acts.

We should not accept evil acts just because there have been good acts as well. All evil acts should be condemned and we should strive to eliminate all evil acts as policy.

If all of the good people just moved out it would be impossible for our country to be anything better than evil.
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I was referring to RR's comment about America being this planets evil. Thats his opinion and he's entitled to it for sure as I am.
I have a family of Police, Military, Teachers, Dock workers, Arborist and other professions, speaking of our kids, and son's and daughter in-laws. I also have two daughter in laws, that have just become American citizens in the last two years.
One from Vietnam and her parents, and one from South Korea and three grandkids from them.
 
If the US were put a cap on individual wealth and annual income, what do you all think that should be?

Should there also be a similar cap on corporate equity?
 
PtldPlatypus said:
If the US were put a cap on individual wealth and annual income, what do you all think that should be?

Should there also be a similar cap on corporate equity?
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There shouldn't be a cap on wealth. Just insanely high taxes on income over $500k per year as well as assets in excess of $1 million which are not helping the economy for the general population.

It's not quite that simple... But basically, put your money and assets to use for the greater good or pay enough taxes that we help the greater good.
 
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Phatguysrule said:
There shouldn't be a cap on wealth. Just insanely high taxes on income over $500k per year as well as assets in excess of $1 million which are not helping the economy for the general population.

It's not quite that simple... But basically, put your money and assets to use for the greater good or pay enough taxes that we help the greater good.
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That's basically what I meant by "cap". But I have to say, $1 million is way too low. Many single-family residences are worth more than that--you think anyone who owns a million+ dollar house should have to pay insanely high taxes on its value?
 
The caps should be flexible, they should adjust to be $1 more than my assets/income at any given moment.

barfo
 
PtldPlatypus said:
That's basically what I meant by "cap". But I have to say, $1 million is way too low. Many single-family residences are worth more than that--you think anyone who owns a million+ dollar house should have to pay insanely high taxes on its value?
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Yeah, I'm fine with raising it as well. I don't think the insanely high taxes should be in full effect at $1 million, but maybe you start losing your tax deductions starting at $1 million. Or even $5 million. Then it increases to $5 or $10 million until it's in full effect.

And I think your primary residence should probably be exempt up to 250% of average or something like that.

*Edit* And frankly, if you're renting the property out at market value it should only be taxed as it is now. As, that's a benefit to society. You should be charged an extra 1% capital gains tax on every dollar that exceeds 2% of the home's market value.

But if it's just sitting empty for more than a few months you should be taxed 25% on the home's property value unless vacancy rates are over 10% and homeless rates are under 1 per 10,000 residents (you should be able to avoid this tax by listing the home for use with the local government as section 8, who will have to pay you market value).

Same for vacant land within city limits.

It should be a much better investment to allow homeless to live in the property than to let it sit empty.
 
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Phatguysrule said:
Yeah, I'm fine with raising it as well. I don't think the insanely high taxes should be in full effect at $1 million, but maybe you start losing your tax deductions starting at $1 million. Or even $5 million. Then it increases to $5 or $10 million until it's in full effect.

And I think your primary residence should probably be exempt up to 250% of average or something like that.

*Edit* And frankly, if you're renting the property out at market value it should only be taxed as it is now. As, that's a benefit to society. You should be charged an extra 1% capital gains tax on every dollar that exceeds 2% of the home's market value.

But if it's just sitting empty for more than a few months you should be taxed 25% on the home's property value unless vacancy rates are over 10% and homeless rates are under 1 per 10,000 residents (you should be able to avoid this tax by listing the home for use with the local government as section 8, who will have to pay you market value).

Same for vacant land within city limits.

It should be a much better investment to allow homeless to live in the property than to let it sit empty.
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Do you think I should be paying insanely high property taxes? Fuck that shit. I already pay a very high property tax, about $6,000/year after my Veteran's discount which only kicks in when you've lived ther for at least five years which is the same time I turned 65 which gets you the same discount. So my Veteran's discount did me no good.
I do get a lifetime hunting/fishing/shell fish license, a free entry pass to Federal parks and some free state campground in a state park.
 
Lanny said:
Do you think I should be paying insanely high property taxes? Fuck that shit. I already pay a very high property tax, about $6,000/year after my Veteran's discount which only kicks in when you've lived ther for at least five years which is the same time I turned 65 which gets you the same discount. So my Veteran's discount did me no good.
I do get a lifetime hunting/fishing/shell fish license, a free entry pass to Federal parks and some free state campground in a state park.
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I don't think you (or anybody with a single family home) should be paying any higher property taxes for your primary residence than you already are.
 
Phatguysrule said:
I don't think you (or anybody with a single family home) should be paying any higher property taxes for your primary residence than you already are.
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But my home is worth over one million.
 
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Let's use Home Depot and Exxon as the poster corporations of this thread.
 
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