Redistribution of Wealth - What does it actually mean? - Page 7 - Mercedes-Benz Forum

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post #61 of 68 (permalink) Old 10-28-2008, 05:43 PM Thread Starter
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2nd paragraph is a plan proposed by Obama, it is a change of rules in the middle of the game. This kind of suddenly change of game rule is most fearful of Wall street capitalist. If you were saving all your saving to be a wealth middle class person by standard. Now the game is different, will it be a fair game for you ? For the one who is on the benefit side of the new tax code definitely to vote for it. It is like a win in lottery. But for the unfortunate donor is not fair. Since the previous code has been there for a while, any significant change of tax code has to be done in a period of 10 years, it will be alright to change the tax rate by 0.25% every year.
How do you know it is the MIDDLE of the game. This is now, and has always been a very dynamic set of tax rules, never static so there is never an expectation that there would be a standard set of tables for which you can plan retirement or plan financial management. That is neither a right nor a fair expectation as conditions change as do cash flow requirements.

If, as an example INFLATION were to go to 15-18% as it did during Ford, then Carter then to Reagan, would you be OK if your employer said, "since we had your pay in effect for a while and any significant change would have to be done over a period of 10 years, say 0.25% a year". While your employer would find it convenient, I am guessing your cashflow would not.

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post #62 of 68 (permalink) Old 10-28-2008, 07:31 PM
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You might want to check the overhead on some of those non profits. They keep getting in trouble. But I do agree that it would be best if all charity was voluntary. Unfortunately, the needs are greater than the charity. That poses a problem.

The WE I capitalized was the voting public. The WE voted in Representatives who either through promises or actions began to take care of many of those who could not take care of themselves. That WE have done that for well over a century [it started after the not so Civil War]. That WE knows that for domestic tranquility and for the general welfare of the people, there is a requirement to take care of those who can't take care of themselves. That is not socialism, that is humanism. It is taught in every culture in every civilization in history.

Interestingly the civilizations that thrive the most and grow the most are also those that take the best care of the folks that are least able to take care of themselves. It's one of those things I keep seeing pop up in Comparative Religion and Civilization classes.
So the citizens should be allowed to vote themselves gifts from the treasury, and the family should be able to vote themselves a share of the aunt's money.
Humanism?
Humanism is different, methinks. It involves giving, not taking. And the charities that I select are fully vetted and distribute every dollar I contribute to a local family with a verified need.

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post #63 of 68 (permalink) Old 10-28-2008, 07:38 PM
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Oh, the government still stinks at doing charity. There are many better places to send this money, no?

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post #64 of 68 (permalink) Old 10-28-2008, 07:41 PM
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Yeah like, www.clkmansplace.net. Am I banned yet?
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post #65 of 68 (permalink) Old 10-28-2008, 07:42 PM
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Bear,
Lots of long term investment is base on actual return which incremental tax rate is part of the financial planning. Any administration try to change the tax code rate will make the existing planning hard to adjust. In the case of inflation, wages will never catch up or able to compensate the real change magnitude. If you do not agree with the new pay ,you can always change the job. No employee willing to cut their pay even in the deflationary economic time. I can not see how the logic is in parallel to the tax code change. A lots of tax code change has grand father exception, this is the reason of what I mean of the fair game.

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post #66 of 68 (permalink) Old 10-28-2008, 07:44 PM
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Bear,
Lots of long term investment is base on actual return which incremental tax rate is part of the financial planning. Any administration try to change the tax code rate will make the existing planning hard to adjust. In the case of inflation, wages will never catch up or able to compensate the real change magnitude. If you do not agree with the new pay ,you can always change the job. No employee willing to cut their pay even in the deflationary economic time. I can not see how the logic is in parallel to the tax code change. A lots of tax code change has grand father exception, this is the reason of what I mean of the fair game.
Hey daisound, you are a "Neocon".
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post #67 of 68 (permalink) Old 10-28-2008, 08:41 PM
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To answer the original question:

All your bases are belong to us now.

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post #68 of 68 (permalink) Old 10-28-2008, 09:06 PM
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