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The rich are not paying their fair share of taxes. . . . .

By maxwell edison ·
..... or so says Hillary Clinton.

"The rich are not paying their fair share (of taxes) ..... whether it's individual, corporate or whatever (form of) taxation"
- Hillary Clinton to an audience at the Brookings Institution

Full quote and context:

http://www.politico.com/blogs/bensmith/0510/Clinton_The_rich_are_not_paying_their_fair_share.html

Questions:

Define the rich?

At what percentage should corporations be taxed?

Do you think the cost of corporate taxes are passed onto the consumer, or absorbed by corporate officers, or applied to (deducted from) corporate profits, or something else?

At what percentage should capital gains be taxed?

What percentage of total taxes collected should be paid by:

- the top 5 percent of wage earners pay?
- the top 10 percent of wage earners pay?
- the top 50 percent of wage earners pay?
- the bottom 50 percent of wage earners pay?

What is the maximum percentage a person's income should be subjected to taxation?

Should income be taxed at all? Why or why not?

Would you favor a consumption tax instead of an income tax?

Would you favor a consumption tax in addition to an income tax?

Should Social Security taxes be increased? If yes, on whom and by how much?

Should Medicare taxes be increased? If yes, on whom and by how much?

Should we pass on to future generations (our children and grandchildren) a system (a government) that taxes them more than it taxed us so it can pay for the promises made to us?

Would you be willing to pass-on your personal debt to your children and grandchildren?

Are you willing to pass-on your government debt to your children and grandchildren?

That's a good question to be the last.

All questions asked with sincerity. Please answer as such. Moreover, feel free to ask your own. In due time, I'll answer all questions myself.

Disclaimers:

- I do not believe that ALL taxes should be abolished. I believe taxes are a vital element to maintaining a free society.

- I believe in the Laffer Curve.

http://www.heritage.org/Research/Reports/2004/06/The-Laffer-Curve-Past-Present-and-Future

However, I'm not an absolutist on suggesting that either increased or decreased tax rates will increase (or reduce) tax revenue. For example, if the tax rate was zero percent, the revenue collected would be zero. If the tax rate was one hundred percent, the revenue collected would be zero. Therefore, the rate at which taxes are accessed and will generate the greatest amount of revenue is, at best, a percentage that's on a sliding scale.

Last question(s): If you agree with my sliding scale suggestion, what's the best way to zero-in on the optimal rate?

If you don't agree with it, why not?

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Define infrastructure

by NickNielsen In reply to To enforce standards of i ...

Given a day or two and the inclination, I could probably make a case that everything government does now is infrastructure: defense, commerce, transport, health, education, etc., in support of the objective that we all have an equal chance to succeed.

That's not what I think, but I could make the case.

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Did you notice...

by TonytheTiger In reply to Define infrastructure

(and it was by specific intent) I did not say "pay for the infrastructure"?

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There are those

by NickNielsen In reply to Did you notice...

who would argue that the only way to enforce standards is to pay for them.

Mind you, I'm not one of them...

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A question

by santeewelding In reply to There are those

That I may have asked here long ago:

You are standing on broken glass and shell casings in the Oval Office, gazing out the window casing over the dwindling fires, when your First, stepping forward with a smart salute, says:

"Your orders, Sir!"

What are they?


___________

"casing", since that's where the broken glass came from, being mindful of historical accuracy.

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Depends.

by CharlieSpencer In reply to There are those

Who fired the shells?

And shouldn't I have taken action before it reached this point?

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You did

by santeewelding In reply to There are those

As to your second question, precisely. And, what would that be?

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Take out the trash

by NickNielsen In reply to There are those

It's time to clean up this mess.

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Among my thoughts, too

by santeewelding In reply to There are those

Including the dead of whatever side, in full-dress uniform with white gloves.

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Ah, I didn't follow.

by CharlieSpencer In reply to There are those

I assumed you meant I was already in office, the shells were intended for me, and I was being asked how to respond.

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My meta-question

by santeewelding In reply to There are those

I put (obviously) to Max.

He has, it would seem, the verve and penmanship to contemplate any of the bureaucratic but this. As I told him at the outset, his is the love of a policy wonk.

I want to know if he has the stomach. The way I'm reading what passes in the world, we may all need stomach.

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