[Vision2020] Wealthy German Taxpayer Defends High Taxes

[lfalen]

Paul
All exemptions should be reviewed. If they do not provide a distinct benefit to society as whole, they should not be granted. Close some of the loop holes. There is no reason that GE and other corporate giants get off paying no taxes. This is as long as any corporation pays taxes. They are largely passed on to the consumer anyway.
Roger
-----Original message-----
From: Paul Rumelhart godshatter at yahoo.com
Date: Thu, 19 May 2011 12:48:37 -0700
To: nickgier at roadrunner.com
Subject: Re: [Vision2020] Wealthy German Taxpayer Defends High Taxes

> 
> I like his attitude.  I think we ought to push for a temporary 
> across-the-board percentage increase in income tax.  No bickering about 
> who should get hit by it more, leave all the exemptions and whatnot in 
> place and figure the percentage based on this year's tax amounts and 
> what percentage goal on debt reduction we want to see and use that same 
> added percentage of what people pay to reduce the debt.  Market it as a 
> national sacrifice that we all need to endure in order to get things 
> under control.  If you made it a mandatory increase every year if the 
> debt is higher than some agreed-upon value, then it might get the voters 
> out there more interested in having their representatives vote against 
> large increases in spending.
> 
> This idea that we can reduce the debt by cutting spending and leaving 
> taxes alone or lowering them is absurd, imho.
> 
> Paul
> 
> On 05/19/2011 12:26 PM, nickgier at roadrunner.com wrote:
> > The other night CNBC interviewed a multi-millionaire from Germany who pays a 60% tax rate and they asked him, "Don't you get sick of paying such high taxes?"
> >
> > He looked at them square in the eye and said, "I would rather be a wealthy man in a rich country where everyone does well, than a wealthy man in a country where only the wealthy do well and the poor aren't taken care of.
> >
> > No I do not get sick of paying high taxes."
> >
> > I would like to pay more taxes for education and infrastructure; otherwise, we are going down the tubes.
> >
> > NG
> >
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