You heard it here first
- Thread starter danmand
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I believe in a progressive taxation scale as well, but not to ask people to give more than half of there income, that's ridiculous, she's advocating for 70% which is a joke. You cited Germany as a successful social Democracy yet their highest tax rate for the richest is 45%, should they raise theirs to 70%? What about here in Canada should we raise ours to 70%? How about asking government to stop wasteful spending which happens all the time? Maybe cut foreign aid so we can give Canadians a better life instead of giving it to countries who are corrupt and don't give a shit about us unless we are giving them a handout.I believe in taxation to fund necessary social and welfare programs. I support a progressive taxation scale, where the rich pays substantially more than the poor.
It is the responsibility of a rich society as ours to take care of the disadvantaged in society. They should not have to rely on charities to survive.
Charities do away better job of efficient spending than any government agency does, just look at all the wasteful spending by our leaders, the last entity I would ever trust when it comes to efficient spending is the governmentCharities are a crappy substitute for good social services.
The 70% would be the top MARGINAL tax rate. In general, the rich pays no higher percentage tax rates than middle income people, because of the army of accountants who dedicate their lives to reduce taxes for the rich.I believe in a progressive taxation scale as well, but not to ask people to give more than half of there income, that's ridiculous, she's advocating for 70% which is a joke. You cited Germany as a successful social Democracy yet their highest tax rate for the richest is 45%, should they raise theirs to 70%? What about here in Canada should we raise ours to 70%? How about asking government to stop wasteful spending which happens all the time? Maybe cut foreign aid so we can give Canadians a better life instead of giving it to countries who are corrupt and don't give a shit about us unless we are giving them a handout.
People who have only salaried income are the ones getting shafted, not the rich.
Well then she's not very informed is she? Why not change the tax code to get rid of certain deductions only the rich get away with as opposed to raising taxes. Raising the tax rate to 70% would be meaningless because all those loopholes and deductions would still exist, I don't know of many salaried people make over $10 million a year except athletes, entertainers and some CEO's, and those people could change their contracts to avoid those penalties by asking portions of it to be in bonuses or deferments in order to avoid that bracket. she didn't think this throughThe 70% would be the top MARGINAL tax rate. In general, the rich pays no higher percentage tax rates than middle income people, because of the army of accountants who dedicate their lives to reduce taxes for the rich.
People who have only salaried income are the ones getting shafted, not the rich.
