Do you think you'll make it into the top 1%?

Money wise..........probably not. Looks wise though I am already there.

 

I'm not even aiming for it. Naturally, I wouldn't mind earning more than I do now, but who needs billions or whatever? No one does.

 

^^^^^^that pretty much.

I don't care about being rich. The only reason I could conceivably want to be rich is just so I wouldn't have to worry about paying bills and stuff anymore.

I just need enough money to live, eat out sometimes, buy CDs and travel every once in a while.

 

^^^^^^that pretty much.

I don't care about being rich. The only reason I could conceivably want to be rich is just so I wouldn't have to worry about paying bills and stuff anymore.

I just need enough money to live, eat out sometimes, buy CDs and travel every once in a while.

 

But Obama wants you to make enough so that he can take it from you and give it to people who do not work enough.

 

I would be very happy if my taxes go to peoples well being. Thanks though.

 

Obama just thinks if your lucky enough to be in the 1%, you do not need to be rewarded with huge tax cuts on that of that

why can't republicans see that being rich is the reward, they do not need the huge tax cuts and we can't afford to give them these huge tax cuts

 

And I'll be more than glad to take whatever you will send me, how much can I expect weekly?

 

Then why does he want to raise rates back to where the top 1% was paying a smaller percentage of taxes and less in actual dollars? Prove to me that the top 1% are paying less a share of taxes and less actual tax dollars under the current rates than they did at higher rates.

And why do you assert it is just luck that puts the top 1% into the top 1%, you think they all just won the lottery or something?

 

it's already been proved, labored income is taxed more and that is wrong

 

So you try to divert.

Again

Then why does he want to raise rates back to where the top 1% was paying a smaller percentage of taxes and less in actual dollars? Prove to me that the top 1% are paying less a share of taxes and less actual tax dollars under the current rates than they did at higher rates.

That is the effective tax I am talking about, but even if you break it down to earned and unearned that is subject to capital gains rates the top 1% pays the highest marginal rates on earned income and they pay the highest marginal rates on cap gains and they pay the highest combined effective tax rate.

For instance in 1996 Gingrich and Kasich forced President Clinton to sign a capital gains tax rate reduction. The Democrats had raised it from 20% to 28% back in the 80's and Clinton raised it slightly to little resulting increase in revenues even including the growing economy of the early 90's and fact they slowed that growth. After the rate reductions down to 21.19 in 1996 revenues grew from $66 billion to $127 billion. They doubled and along with that the business activity that produced those gains which meant more hiring and more people employed paying taxes. We then had a recession and part of the Bush tax cuts was a reduction in cap gains rates from the 21.19% down to 16.05 and then to 15.50. Revenues grew to $924 billion, FOURTEEN times what they were under the Democrat higher rates. And again the amount of business activity to produce those gains soared which is one reason we had 52 months of GDP growth and full employment.

So why would you want to go back to the higher rates if the goal is to maximize government revenues? Why would one support Obama's desire to go to even HIGHER tax rates?

And why do you assert it is just luck that puts the top 1% into the top 1%, you think they all just won the lottery or something?

 

If I made it into the 1% and our country was run right, you could expect free healthcare and free education for one thing.

 

You stated no such prerequisite.

Well I can always use some extra well being especially if someone else is paying for it so how much would you be willing to send me? There are lots of people who would rather sit back and provide NOTHING for their own well being if someone else is willing to pay for it instead.

So if our country was run right doctors and nurses and staff and everyone else involved in the health care industry would work for nothing and everyone who produces drugs and devices would do so for nothing and all the teachers would work for nothing and people would build schools and not charge for doing so?

 

Well, this thread is about making it to the top 1%, so the prerequisite is kind of implied....

but anyway, if I was in the 1% I guess it would depend on how much the 1% is taxed. I don't send you the money personally though, it is taxed...and then you get a return on the fact that you don't have to pay for healthcare.

What the hell are you talking about? The policemen work for nothing? Do firefighters work for nothing? Do teachers work for nothing? Of course not. It would just be that doctors would be switched to being a public sector job instead of a private sector one, why would they not get paid?

 

well you half plus that voted in the last two categories, you're never gonna get anywhere so settle in and be prepared to do what obama tells you too. Unbelievable that this is how far the people in this country have sunk. You (universal you) don't deserve any success. You deserve to be kept and to be told everything that you can be, will be, when to eat, sleep, go to the bathroom. utter failures. I'm ashamed of the people in this country. Even foreigners come in here and know that if they work hard they can make a great life. You (universal you) don't deserve to live in this country.

 

So are very happy to send money to improve other people's well being as long as it is someone else's money and you really didn't mean to say that YOU would want your money doing it. How self serving.

You don't know?

But we can make it much more efficient if you send it directly to me and cut out the middle man.

Yes you can pay for it.

No and I pay for their services it is not free.

No and I pay for their services it is not free.

If they are going to provide free health care then they can't charge for it. If they are and someone is paying for it then it is not free.

 

The top 1% isn't billions, even if you were talking top 1% by net worth instead of annual income you're "only" talking about 8 mil
(pulling that number from http://economix.blogs.nytimes.com/2012/01/17/measuring-the-top-1-by-wealth-not-income/ )

 

Not anymore, with these new democratic regulatory policies in wall street my investments won't be as fruitful as i once thought

The only way is if I move to another country with lesser regulatory burdens but thats still a toss up, theres the years it takes to apply for citizenship and then adapting to another countries way of life.

 

I have to wonder if it's possible to be in the top 1% without getting there somehow immorally. And maintaining it ? Is that possible to do and still be within the border of good morality ? A lot of people who make big money don't think too much about harms they might be imposing (cruelty to animals, toxic pollution, shoddy dangerous construction, underpaying employees, etc). As Bob Dylan used to say, "no matter what you do, you're gonna have to serve somebody".

http://www.youtube.com/watch?v=dIsHsq27rhU

 

You aren't serious, you really don't wonder such things do you. I could post the proposition that most of the immoral people are at the bottom, either criminals or willing to live off of other peoples labor when they could provide for themselves. What is moral about either of those propositions?

 

I'm not sure, but maybe you're mixing up the 1% with the top .0001% or something.

To be be in the top 1% all one would have to do is go to medical school, and then be good at saving lives. There are plenty of similar paths to get into the top 1%.

Now to get into the top .0001% you're talking about the Forbes-400 type crowd
http://www.forbes.com/forbes-400/#p_40_s_arank_All industries_All states_All categories_

And they're all business types, though often they're people who grew their own and made it big, for example you've got the Apple, Windows, Facebook, Groupon, and Chick fil-A people up there.

And you've got Warren Buffet coming in there at #2 he's Obama's darling at the moment, and seems a pretty likeable fellow. He lives simply and modestly and gives away crazy amounts of money.

 

Uhh obviously your free healthcare is a lot more efficient if it's through taxes...because it's a pool system, instead of me paying all of it. Because I can't pay for everyone by myself but I can help pay for everyone through taxes. Obviously, I'm not the one being selfish here.

 

I don't have free health care I earn it and pay for it and it is FAR more efficient than the government insurance my mother was forced onto and I will in about 6 years.

Private health insurance is a pool system.


So when am I going to get some of that good will you so like to hand out?
How are you going to get all those doctors and nurses to work for free so health care is free as you claim it should be?

 

Sounds like you're describing the people AT THE TOP.

 

but if you wanted real answers, you wouldn't have slanted the answers so people either have to agree with your mentality or not vote at all. Very typical tactic but dishonest in my opinion.

if you had put up a simple:

I am happy where I am

then I would have chosen that answer.