Lion of the Blogosphere

Rich people WANT their taxes raised

As reported by the Daily News.

I’ve been telling your for a while that rich people want their taxes raised otherwise they wouldn’t vote Democratic.

It’s pretty stupid of the Republican party to fight for lower taxes for the rich who vote Democratic and who have now come out in favor of higher taxes for themselves.

* * *

The letter clearly states that they want the state to have more money by raising taxes only on the very highest of incomes, it’s not some scam to lower their own taxes while raising taxes for middle-class people.

Commenter Aric writes in defense of rich people who have been accused of hypocrisy for not donating money to the government if they want the government to have more money:

[T]here is nothing suspicious about calling for higher taxes while not donating to the government. They rightly believe that if they want to improve the world, their money could do more good through the right charity than through the government. Even if they thought the government is the best place to donate to, it would be an inconsequential amount. The coercion of taxes is necessary to raise enough money. There is nothing hypocritical about calling for higher taxes while paying the minimum tax you are legally required to pay. Just like I don’t see a problem with calling for changes to trade laws to protect American jobs while running a business that imports large quantities of products. As players we play the game with the rules that exist, but we should also try to change the rules to make a better society.

Written by Lion of the Blogosphere

March 21, 2017 at EST am

Posted in Politics, Wealth

31 Responses

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  1. Unless they mean a straight up wealth tax, I don’t buy it. What they mean is that they want their taxes raised on paper, because they have armies of lawyers and accountants in their employ to minimize their tax payments.

    I have yet to hear of any of these megarich to come out and say that they feel they didn’t pay enough in tax, so they’re donating X dollars to the Treasury to make up for it.

    Inkraven

    March 21, 2017 at EST am

    • No, the letter clearly states that they want New York State to collect more tax revenue from them. Not a scam.

      Lion of the Blogosphere

      March 21, 2017 at EST am

      • What about the IRS? Again, is it a Federal or a State issue? They are separate matters. It appears that we are beginning to see an exodus of NAMs from NYS. So this could be a timing issue.

        JS

        March 21, 2017 at EST pm

      • Furthermore, many proles are also being driven out of NYS, because of its high taxes. The wealthy are forking the tax bill as a form of status whoring.

        JS

        March 21, 2017 at EST pm

    • You’re right to be skeptical of calling for tax on paper vs actually larger payment, but there is nothing suspicious about calling for higher taxes while not donating to the government. They rightly believe that if they want to improve the world, their money could do more good through the right charity than through the government. Even if they thought the government is the best place to donate to, it would be an inconsequential amount. The coercion of taxes is necessary to raise enough money. There is nothing hypocritical about calling for higher taxes while paying the minimum tax you are legally required to pay. Just like I don’t see a problem with calling for changes to trade laws to protect American jobs while running a business that imports large quantities of products. As players we play the game with the rules that exist, but we should also try to change the rules to make a better society.

      Aric

      March 21, 2017 at EST am

      • Saying that people that want high taxes should just voluntarily give more money is such an insanely dumb argument. Anyone who makes it doesn’t understand anything about the nature of collective action and the problems it is meant to solve and therefore could never understand government and it’s proper role in society.

        Magnavox

        March 21, 2017 at EST pm

      • This is a strawman argument and you know it. You and I both know that nobody opposes these fake populist feints by rich people because of hypocrisy or some refusal to “donate” to government.

        There is a common thread that runs through all of leftism: Leftists, no matter how rich, do not believe in truth. Yet, they are stuck in the position of having to be convincing and to use argument to persuade. What is their typical persuasion technique? Make arguments that appear to be against interest. The more self-loathing the position, the more it is calculated to disarm the opposition. The trick, though, is to have an easy out available for yourself.

        A billionaire arguing for more taxes on himself is like Susan Sontag arguing that the White race is the cancer of the world. Both know that they have an “out” and that the whole exercise is designed to fool the rubes.

        In this case, it is “top earners.” Earners is a term of art, like earnings, a measure of profit. It is a figure that can be easily gamed. Billionaire “earnings” can be whatever you want them to be and they can posted anywhere. What happens when most of them don’t claim residency in New York, thus avoiding these taxes? Then what? You can bet that all of these laws will migrate down the income scale, like the Alternative Minimum Tax.

        If they really wanted to impose penalties on themselves, then they would support ending mass immigration and offshore outsourcing. But, the don’t. Why not? Because that would have a real affect on their earnings.

        Yes, I would like to see a wealth tax pushed by Right-Wingers to shut these people up.

        map

        March 21, 2017 at EST pm

      • Don’t get me wrong. I fully support a wealth tax of 15% on a net worth greater than $10 million, taxed every year. That means Warren Buffet pays a first year tax of around $9 billion. The wealthy are proven traitors and subversives and their money needs to be culled so that their subversive vision of the world is destroyed.

        It’s obvious that they support Bolshevism because it enriches them.

        map

        March 21, 2017 at EST pm

  2. It’s pretty stupid of the Republican party to fight for lower taxes for the rich who vote Democratic

    The stooopid party just can’t help themselves: lower taxes for the rich, tax “loopholes” thinking they “pulled one over on the democrats,” anti-abortion, free trade, “comprehensive” immigration reform, and now they want to shift the blame for high health insurance costs to themselves via TrumpCare.

    they want their taxes raised on paper, because they have armies of lawyers and accountants in their employ to minimize their tax payments.

    I guess that’ll creates more job opportunities for these folks.

    E. Rekshun

    March 21, 2017 at EST am

  3. The comments on these posts always show just how cucked the readers of this blog are. It’s great.

    Magnavox

    March 21, 2017 at EST am

  4. If you read the wikipedia entries for the Koch brothers, who basically own the GOP, you’ll see they’re the kind of people who claim to be ‘socially liberal but fiscally conservative’. The thing is, they equate being ‘fiscally conservative’ with being libertarian which are NOT the same at all. The Koch brothers support abortion, feminism, gay rights, SSM, open borders, free trade, etc. About the only Democrat policies they don’t support are higher taxes and environmental regulation — because the latter interferes with their business. In other words, they’re liberals on everything that doesn’t affect them and libertarian on everything that does.

    Now, obviously, there might be disagreement among conservatives on some issues. But, from what I can tell, the GOP are just liberal Democrats who don’t want to pay taxes. So the Democrat establishment are liberals who want to pay more taxes. And the GOP establishment are liberals who want to pay less. And conservatives wonder why the GOP hasn’t been doing what they want? There’s the answer.

    The thing is, the GOP couldn’t push higher taxes without losing their billionaire supporters who want lower taxes. Those billionaires would just switch parties. After all, that’s the only difference they have with liberals anyway. And I kind of think that the establishment is already too tilted in favor of the Democrats as it is.

    destructure

    March 21, 2017 at EST pm

    • What is the matter wish Kansas thesis

      grey enlightenment

      March 21, 2017 at EST pm

    • There are different wings to libertarianism, but the socially liberal fiscally conservative one is the mainstream. That’s due in no small part to Koch Brothers donations but that’s the way it is.

      Magnavox

      March 21, 2017 at EST pm

  5. Depends on how you define ‘rich’ ..ppl in the top .99.99% generally derive wealth from capital, not wages, so higher income taxes does not hurt them. Ppl in the 90- 99% are mostly still wage earners and this is who the GOP is targeting with tax cuts.

    grey enlightenment

    March 21, 2017 at EST pm

  6. I’m for raising taxes on leftwing billionaires as much as anyone. But a couple of points:

    First, they already have more money than they’ll ever need. So higher taxes don’t mean much to a lot of them. They just don’t want to lose their place in the pecking order. They only want to pay more in taxes if they can make other rich people pay more, too. In particular, higher taxes will probably hit income harder than wealth. So what higher taxes really do is build a moat around the people who are already at the top

    And, second, who exactly is it that decides where those taxes go? I’m pretty sure that it’s them. So what do they really want that money used for? A lot of tax dollars are already being used for things I don’t like. And I don’t particularly want the government doing more of it. I don’t think the money will be used to help the working and middle class. Because liberal billionaires pretty much hate the working and middle classes.

    destructure

    March 21, 2017 at EST pm

    • The US government, democrat politicians, and (most) republican politicians hate the working and middle classes (especially White male members of those two classes).

      E. Rekshun

      March 21, 2017 at EST pm

  7. The super wealthy get their wealth through monopolies. There’s plenty of legal framework to break monopolies to prevent excessive wealth inequality.

    Andrew E.

    March 21, 2017 at EST pm

    • How many of the super wealthy want their monopolies taken away? That’s the proper question.

      Andrew E.

      March 21, 2017 at EST pm

  8. I’m not taxaphobic but I am deficit-aphobic. I would be fine with raising taxes to balance the budget. If you want to make the argument that the government is too big, the only way you can do that is by charging the actual cost of big government.

    Mike Street Station

    March 21, 2017 at EST pm

  9. Rich white liberals say that they want higher taxes. Just like they SAY that they want multiculturalism and then live in affluent, all white neighborhoods. Just like they SAY they want integrated public education and then send their own children to private schools. Just like they SAY they want free speech and free markets unless it does not suit their purposes. It is virtue signaling and nothing more.

    B.T.D.T.

    March 21, 2017 at EST pm

  10. They’re calling for a higher income tax, not a wealth tax. They’re not the same thing. If rich people really wanted their taxes raised, they’d be calling for a wealth tax, not a higher income tax.

    The rich are rich because they own more assets like real estate, stocks and bonds, cash, other financial instruments, etc., not because they engage in more labor to earn more income.

    What the rich are calling for here is for non-rich people and professionals who earn high incomes to pay more taxes, which of course will hinder these non-rich from accumulating assets and becoming rich like the rich themselves.

    Tom

    March 21, 2017 at EST pm

    • Wrong. It’s the Republican Party, not the Democratic Party, that is steadfastly against capital gains and estate taxes, both of which are taxes on wealth rather than earned income.

      Lion of the Blogosphere

      March 21, 2017 at EST pm

      • Cuckservaties aren’t just obsessed with helping black people. It’s also about being obsessed with helping rich people.

        Magnavox

        March 21, 2017 at EST pm

      • The capital gains tax and estate tax aren’t wealth taxes. The capital gains tax is a tax on the profit from asset sales, and the estate tax is a tax on the transfer of assets.

        The rich are people who hold lots of wealth, that is own lots of assets. A wealth tax taxes these assets, not the profit or transfer of the assets.

        Tom

        March 21, 2017 at EST pm

  11. They can always send in extra $. Why can’t they do this?

    Vincent

    March 21, 2017 at EST pm

  12. Lion why do you keep pushing this? This isn’t a site for blacks or welfare queens is it? Sure Hillary voters who believe the gubmint will make them all Millionaires by taxing Chinese Billionaires may buy this shit, but you should know better than to blog this here.
    Man we’re not stupid. The Rich don’t work and take home paychecks like cubicle rubes. Buffet and the Fortune/Forbes list make all their moola with Capital Gains man. You can set the top income tax rate to 100% and these Billionaires won’t even feel it. Stocks, bennies, cadillac insurance plans and slush fund/tax shelters. Target Capital Gains for non-small businesses/family farms, tax any “Foundations” who don’t pay out at least half their worth a year, and put liens on second homes for extra taxes for non-resident empty housing, and these lame ass lying bastards will be crying like babies.
    Hit them where their net worth really lies. Capital Gains from Big Business, tax shelters and of course and those extra house they NEVER LIVE IN. Lets see what Warren “Chinese” Buffet says about those taxes…

    Joshua Sinistar

    March 22, 2017 at EST am

    • It’s the Republicans blocking capital gains tax increase and removing tax shelter loopholes, not Democrats.

      Lion of the Blogosphere

      March 22, 2017 at EST am

  13. The rich that can avoid or drastically lower their income tax, are not avoiding high property taxes.

    Property taxes are murdering the middle class. Property taxes are high and getting higher in order to fund overly generous police and fire wages, pensions, and gadgets; to say nothing of the necessarily costly buildings and capital to host a police or fire department.

    In my mid-size FL city, an additional 50% of every dollar earned by a police officer or firefighter is mandated toward the pension plan. The pension benefits are too generous – 75% after 25 years, plus 3% annual COLA. The wages and plans in the northeast are more lucrative.

    My old (now-closed) corporate defined benefit pension plan, will pay 30% after 30 years, no COLA

    E. Rekshun

    March 22, 2017 at EST pm

    • An additional thing that’s infuriating is that many of these guys retire out-of-state, or even to Mexico, so your tax dollars are being funneled out of the local economy.

      Hermes

      March 22, 2017 at EST pm

  14. “Tax the rich, feed the poor, ’til there are no rich no more.”

    Oswald Spengler

    March 22, 2017 at EST pm


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