Top 3% of Taxpayers paid majority of income taxes in 2016.

Look at the housing crisis for an example.
Billionaires gambled with others money - made billions more - when it failed they were to big to allow to lose everything so they were bailed out by the taxpayer. They rig the system to benifit them

 

You are a globalist, whats the issue?

 

Thanks for reading.

 

I suppose the politicians and the people who took the loans are blameless.

 

Just idiotic wealth envy talking points.

Please bring something from the real world.

 

What ideology is that? Many countries that use a combination of the systems I believe are the most effective have higher percent of happy citizens, less wealth inequality, higher life expectancy, higher educational attainment, lower crime, lower debt..

 

I’ll wait while you chase down that strawman...

 

Wealth and income are finite.
Wealth buys power. Power buys more wealth. More wealth means more power. More power means more wealth, and on and on we go until a very small fraction of the population has a whole lot of the power, and a whole lot of the money.

Feel free to answer my question at anytime

 

1400 taxpayers pay more than 70 MILLION taxpayers, and that still isn't fair to the wealth envy crowd.

Holy Cow!

Also, almost have of workers pay no income tax.

Fair?

 

Wealth and income are not finite. If it is, what is the number.

And you had no question in your post.

 

So you disagree that wealth = power?

 

“do you think the general welfare is promoted allowed billionaires to amass trillions in offshore accounts? Removing money from the US economy?”

There is currently 1.69 trillion dollars in circulation. Do you think they just print money unrestricted?

 

You have zero idea who I am or what I believe
But that’s cute coming from a neo-con

 

If the founders don't believe that prosperity is a priority, then I definitely am at odds with them.

 

They specifically set up the country to try to keep the govt out of determining who was prosperous and who wasn't.

Sorry for your ignorance.

 

The problem with the founders is that their focus wasn't economic but political. Because their lives were spent fighting a foreign power that tried to take away freedom they were left with the impression that government is tyrannical and should have as little power as possible. Today, governments in developed countries are big but they are also democratic and no longer tyrannical. Also, the economy back then was very equal and egalitarian with mostly small businesses, little outsourcing and automation. Today, 99% of people work for big corporations and millions of jobs are being automated and outsourced and most growth and most of the economy belongs to the 1%. Economies are different and governments are different and we need to adapt to new problems and new times and not get stuck in the world of 1780.

 

Wealth =/= power, but wealth can lead to power.

 

Sorry I meant as replacement for income tax. Federal income tax.

 

Paying 10k when you have 30k is a far bigger sacrifice than paying 10m when you have 30m. Tell me you at least realize that.

 

Who says govts arent still tyrannical?

 

I do.


How is the top 10 percent paying 70 percent fair?

 

This is what we call a government revenue crisis, only the very wealthy can afford to pay taxes but in many cases find loopholes to pay very little or none at all and the working class is tapped out struggling barely able to afford any livelihood whatsoever on a monthly basis.

Apparently our administrative government over lords haven't figured out that you can't squeeze blood out of a stone, they'll figure it out soon enough but at great costs and misfortune to everyone.

Meanwhile they think more tax breaks to the wealthy will cause them to reinvest back in the United States [amusing] only instead they hold onto their money parking it in a bank for themselves.

This is where we're at currently, the future is going to get a whole lot more interesting.

 

When governments are democratic and there is a constitution then they are a lot less tyrannical. But I do think we still need to be mindful and make sure that the government isn't harming its citizens. But I disagree with the level the founders limited the government. They underestimated how much simply making a government democratic will make it a lot more peaceful.

 

Those percentages are a false equivalency. One percentage is about people and the other is about money. You do realize how stupid of an argument it is to try to compare a number of people with an amount of money?

According to this, the top 10% have 75% of the wealth. So that would be 75% are paying 70% according to you.
https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/

You should be ashamed of yourselves for lying with statistics.

 

Im material.