Posted on 10/26/2012 8:40:04 AM PDT by Innovative
Do the wealthiest Americans have a "moral" obligation to pay higher taxes?
California Governor Jerry Brown thinks so. Under Prop 30, the two-time Democratic Governor is calling for a 3% tax hike on the state's richest 1% to help pay for the cash-strapped state's education system.
"It takes a refined theory to say to billionaires that it's easier to take three weeks of school away from kids in Los Angeles than it is to take 3% away from people who make hundreds of millions of dollars a year," said Brown in an interview with The Financial Times.
Prop 30 calls for a sales tax increase and staggered tax increases over seven years for individuals making $250,000 and families earning $500,000 or more.
The law is up for a vote during the Nov. 6 general election and billions of dollars in education funding is at risk if the law does not pass.
Recent polls show support for Prop 30 is waning, but the law is expected to pass. Should California residents vote in support of the proposition, it could have widespread implications in other states and on the federal level.
(Excerpt) Read more at finance.yahoo.com ...
Top 5% pays 58.66%, top 10% pays 70.47% of all taxes. Top 50% pay 97.75%
Not to mention that they are the ones who give jobs to people...
Just think what would happen, if all the "evil rich" would move out of the US?
answer: No.
Income taxes are determined by tax laws and IRS regulations, not by moral obligation.
It sounds lke they want to apply the ethics of Immanuel Kant to a non-moral issue: an unconditional moral law that applies to all rational beings and is independent of any personal motive or desire.
Does the US government have a moral obligation to not discriminate against US citizens?
Hell no!!
The poor are using all the taxes, tax them more than the rich!!!
...well, I would say that it all depends on who you ask, doesn't it? Ask the bum on the street and most of the dead-beat moron American Obama voters, and I am sure that the ans would be a resounding YES!
OTH, ask the "rich" and I would suspect that the ans would be NO...and I would bet that if the "middle class" were asked, the answer would be NO.
The proper answer to all this is that EVERYONE SHOULD PAY SOMETHING....even the "poor".
If we are to be stuck with the graduated income tax scheme, then there should be a minimum tax over and above payroll taxes that everyone should be required to pay.
Oh, let Jerry raise tons of taxes off the backs of all those richie dot com workers. Less bucks to lib dim politicians...like Jerry!
Karma, dontchano....
Everyone has a moral obligation to be charitable.
Everyone also has a moral obligation to NOT STEAL.
When one group of people decides to take money from another group, and passes a law to do so, it isn’t moral. It is still theft.
It is up to each person how they should be charitable. It is not up to some third party and it is certainly not up to the democrat party.
Voluntarily paying higher taxes is one of the worst ways to be charitable - inefficient and wasteful.
Does the US Government have a moral obligation to not waste Billions of our tax dollars year after year?
I’ll try to write this in Obamaspeak: “At some point!? You’ve made enough!
The elected frauds in government are the ones with the MORAL OBLIGATION to not overspend taxpayers money. California has a SPENDING PROBLEM not a REVENUE PROBLEM. The unions lead the frauds in our government around by the nose. Every state that has union control through campaign donations and election blackmail is in the same financial position. This will not change as long as the socialist democrats keep being re-elected. They are in bed with them and will not take on the union thugs. The democrat solution, as always, is to raise taxes to cover their overspending, as evidenced by Jerry Brownshirt.
No. People have a moral obligation to desire what is really good and only what is really good. One thing that is really good is a division of labor society, because it is necessary to capital accumulation, which is necessary for prosperity and life proper to a rational being. Raising taxes on the rich is an assault on saving and accumulation of capital, which inhibits the intensification of the degree of the division of labor.
No, he isn't. He's calling for a 3% tax hike on those whose income is the highest. Big difference. Someone could have accumulated $2,000,000 and is now retired. With the current low rates of interest, maybe he puts his money in a CD or a bond that pays 3%. That would generate income of $60,000 per year. His $2 million in net worth would probably put him in the upper 1% of wealth, whereas his $60,000 in income most certainly would not.
If the libs are so interested in taxing the rich, why don't they propose a wealth tax rather than an increase in the income tax? Maybe a lot of wealthy libs wouldn't like that.
Do welfare recipients have a moral obligation to contribute to their own well being? To civilization? To their community? To feed the children they choose to have and ensure they are properly educated?
Moral men will not live as slaves dummy Brown. They will flee your personal little slice of hell.
Does the large body of Ameritrash have a moral obligation to pay no taxes? Have they no fair share?
A pox be upon them
Hey! Moonbeam’s always been a Commonist supported by his insestous relationship with labor!!!
We in CA have a resentful radical in the statehouse and America has a resentful radical in the whitehouse!!!
Funny how the Leftists are big on Morality only when it comes to paying more taxes. I would ask the Gov. does he feel that the gov’t is moraly Obligated to Spend OUR TAX MONEY wisely??
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The rich have an obligation to build prisons and populate them with socialists.
The “rich” are so sick of paying the freight for the losers. Pretty soon they’ll begin to go Galt and stop feeding the pig. Then what will the takers do, when they’ve killed the goose that laid the golden egg?
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