UK example of why high tax rates on the rich don't work

[Danzig]

yeah, i get blank looks from people when i mention progressive tax rates. they say, but why should you pay more when you make more? they don't get that the higher rates only kick in amounts above each threshold.

also don't get what is so damned difficult to understand about temporary. they should put a sunset date on it at the outset, so it automatically changes back.
actually, it was the height on insanity to make that cut anyway. and now to keep it going....just as dumb. it was a mistake, so now let's compound it.

[jms62]

Originally Posted by Danzig

yeah, i get blank looks from people when i mention progressive tax rates. they say, but why should you pay more when you make more? they don't get that the higher rates only kick in amounts above each threshold.

also don't get what is so damned difficult to understand about temporary. they should put a sunset date on it at the outset, so it automatically changes back.
actually, it was the height on insanity to make that cut anyway. and now to keep it going....just as dumb. it was a mistake, so now let's compound it.

Same people who piss and moan about entitlements feel that they are preptually entitlted to TEMPORARY tax cuts.

[Danzig]

Originally Posted by jms62

Same people who piss and moan about entitlements feel that they are preptually entitlted to TEMPORARY tax cuts.

yeah, let's fight two wars and not raise revenue to do so. let's bemoan the state of social security and then 'temporarily' reduce what's paid into it. stupid. and then when our backs are to the wall, let's try to make those without pay, and those with to keep theirs because they create jobs (when???)

[jms62]

Originally Posted by Danzig

yeah, let's fight two wars and not raise revenue to do so. let's bemoan the state of social security and then 'temporarily' reduce what's paid into it. stupid. and then when our backs are to the wall, let's try to make those without pay, and those with to keep theirs because they create jobs (when???)

You forgot continually borrow from Social Security and then bemoan it when there isn't enough money left to pay.

[Danzig]

Originally Posted by jms62

You forgot continually borrow from Social Security and then bemoan it when there isn't enough money left to pay.

i wish i could forget that.

[jms62]

Originally Posted by Danzig

i wish i could forget that.

And call it an entitlement when you have been putting money in your whole life.

[Danzig]

Originally Posted by jms62

And call it an entitlement when you have been putting money in your whole life.

yeah, i know. medicare too. they ought to call them benefits, not entitlements. we pay for them!