obama ratings hit new low

[Antitrust32]

Originally Posted by joeydb

I don't know that for a fact. It just seems logical that a company would seek to survive and thrive as well as possible for as long as possible. On the flipside, they have to make sure that their products, goods, and/or services remain competitively priced, or the company will decline. Unless you have either a monopoly or a company whose products are vastly superior (i.e. Rolls Royce) you have to run a company efficiently with solid profits. In a competitive environment, it's rare for a company to make astronomical profits.

So I don't think my reasoning was flawed - but I did make the above assumptions.

Paraphrasing you, a country cannot sustain itself when the top earning 5% are paying 58.7%, or when 47% of the people pay no income tax.

http://www.foxbusiness.com/markets/2...ble-dip-scare/

There should be a flat tax with a cut off poverty line. If the top 5% control 70% of the wealth like they do now, they should be paying 70% of the taxes that the US collects.

Warren Buffet paid less of a percentage of income taxes than I did last year. That's ridiculous.

[joeydb]

Originally Posted by Antitrust32

There should be a flat tax with a cut off poverty line. If the top 5% control 70% of the wealth like they do now, they should be paying 70% of the taxes that the US collects.

Warren Buffet paid less of a percentage of income taxes than I did last year. That's ridiculous.

I agree wholeheartedly with a flax tax, no deductions and a poverty cutoff. It's all of those who benefit from the current gi-normous system who defend it. Rich guys who wrote those loopholes, and poor guys who actually get "refunds" in excess of taxes paid, even when taxes paid were zero.