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? asked in EnvironmentGlobal Warming · 1 decade ago

Tax on the super rich continues to fall yet what bearing does this have on GW?

Update:

Even Timothy Geither the treasury secretary commented that the government needs to find ways to close the loophole for the rich who abuse them to pay less taxes.

Its moronic and severely idiotic to believe that the gap between the rich and the poor is closing when it isn't but is getting wider and wider at the same time that the middle class is being decimated who through their tax monies are bailing out the bankrupt corporations which they claim is too big to fail so that the CEOs and executives can give themselves millions of dollars worth of ill gotten bonuses.

Now there something terribly wrong with the system that cannot be fixed as long as the foxes guard the judiciary, legislature, the congress, top positions in corporations, mass media outlets, educational institutions, industries, state parliaments, the federal reserve, the wall street, the treasury, the secret service, and just about every important decision making institutions.

The dummed downed masses aren't helping either

Update 2:

If the masses in the US were to unite like the example shown by the Jasmine and color revolution and outed criminals in high offices in every branch of the government and installed righteous and honorable people who will genuinely work for the cause of their citizen's best interest how much better the world would be.

Even as laws are tightening ever more for the average citizens, their fickle minds are still confined to the severe limitation of mind numbing entertainment and obstruce views of the media whores that divide the people into a false dichotomies in the traditions of Hegel's dialectical formula and willfully remain ignorant of the truth.

How much more do they have to suffer at the hands of the cunning machinations of the elite internationalists and corporatists before they wake up out of the self chosen ignorance and miseries.

Stupidity and ignorance begets more misery and wreck yet why can't the sheeples see that they are being led around on a noose because they allow

Update 3:

the criminals in high places to lead them up the garden path.

Don't the citizens realize what is in stall for them and frankly it ain't pretty

Update 4:

Linlyon

Thanks for understanding the spirit in which these warnings are given by me although many won't understand the intentions behind them just yet.

It does beggar belief at the level of our humanity's denials, willful ignorance, know-it-allism, arrogance and downright selfishness

5 Answers

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  • ?
    Lv 4
    1 decade ago
    Favourite answer

    I suppose it could allow them to burn more fossil fuels and spend more lobbying against carbon tax and/or cap&trade which may affect their investments, but really I don't see any real or direct connection.

    [re: Eric K's answer]

    >>"More than half of the nation's tax revenue came from the top 10 percent of earners in 2007. More than 44 percent came from the top 5 percent. " (more than half !?)<<

    I guess you aren't aware of what percentage of total income the top 10% of earners are ...um earning.

    >>"There are so many breaks that 45 percent of U.S. households will pay no federal income tax for 2010," (and some get money back - that they didn't pay in to begin with, and STILL complained it wasn't enough !?)<<

    Who complained? Come on... Surely you can name one person? Or is that something that you heard while watching Fox News...

    >>Does either situation sound right ?<<

    Not exactly. The problem is that the rich are getting much richer while the middle class on down are stagnant or less well off.

    >>What about a graduated flat-tax rate ?<<

    Not quite. There is a necessity for deductions (for instance, children, education, etc.), just not the massive tangle that we have now.

    >>Maybe 2% below 20K up to 25% for 250K ? If you make such-and-such, you pay such-and-such, period!<<

    Oh, I agree, though I would go 0% up to an agreed-upon poverty level and then up to 30% by the time you reach $1 mil/year. Of course, I would also graduate capital gains tax or simply count capital gains as regular income...

    Wait a minute, that would dramatically hike taxes on the wealthiest. Oh, the humanity...

    >>(And the elected congress should be the ones making the laws, not the appointed EPA)<<

    Appointed by *your* elected officials. You do know that *you* can contact your representatives, right? *You* can even vote them out on the next election cycle... Oh wait, they will probably only listen now to corporate interests who are able to now pay unlimited amounts of moneys to advance the campaigns of those candidates who best serve their interests. Of course, you can still write to them and let them know that if they are significantly corporate sponsored, you won't vote for them.

    _

  • Anonymous
    1 decade ago

    "More than half of the nation's tax revenue came from the top 10 percent of earners in 2007. More than 44 percent came from the top 5 percent. " (more than half !?)

    "There are so many breaks that 45 percent of U.S. households will pay no federal income tax for 2010," (and some get money back - that they didn't pay in to begin with, and STILL complained it wasn't enough !?)

    Does either situation sound right ? Fair ? - Not even close. What about a graduated flat-tax rate ?

    Maybe 2% below 20K up to 25% for 250K ? If you make such-and-such, you pay such-and-such, period !

    (And the elected congress should be the ones making the laws, not the appointed EPA)

  • ?
    Lv 4
    4 years ago

    in accordance to the IRS adjusted gross income in 2010 for the authentic 5% became slightly below 3 trillion money. authentic 5% comprise human beings making over $one hundred sixty,000 a year. They payed approximately fifty 9% of the finished a million.09 trillion amassed from own income taxes. finished taxes payed through this team became $605 billion. If their taxes have been doubled it would not cover the deficit spending of the government. Wealth is cellular, advance it too lots and it will pass else the place and the roles with it. perhaps we would desire to constantly basically take the full 3 trillion and lead them to our slaves or would not that be adequate?

  • 1 decade ago

    ill tell you exactly whats gonna happen.

    the corporations will get even stronger.

    which means, they will stop caring even more about the environment because the money is just gonna keep flowing through their bank accounts. so they will be blinded by that paper that can only buy you materials..

    the super rich will keep making that money, so oil companies are gonna keep drilling, the epa will continue to be destroyed. and eventually i will sound even crazier for caring about the world because greed will be the only thing that matters to people. poverty will hit americans harder than it ever has, OH BUT SINCE THE MEDIA will just tell people the economy is getting better. the ignorant people will just be like "yeah! my money is gonna come back through lets go on vacation honey!"

    then when they realize that they dont have money to do anything they will think they're life sucks so people will be stressed and depressed.

    The super rich dont care about the rest of the country though, because guess what? they dont feel the pain.

    this country is about to fall to its knees and have to beg for mercy from the world because the super rich only account for so many people.

    there is already so many stressed out Americans that cant even enjoy their lives because they have to ALWAYS worry about having to make more money to put food on the table.

    Basically with tax on the super rich continuing to fall. THE WHOLE ENVIRONMENT/ GLOBAL WARMING TOPIC WILL DISSOLVE AND SOON MOTHER EARTH WILL HAVE TO WIPE US OUT BECAUSE MONEY BLINDED US FROM WHAT IS REALLY IMPORTANT AND HAS DESTROYED THIS WORLD. like the good old saying goes.. money is the root of all evil & my absolute favorite.. Money cant buy life.

    Source(s): the truth
  • 1 decade ago

    you know 50% of the people in the usa pay no taxes at all, so stop blaming the rich for your problems

    and the top 1% pay 40% of all usa taxes.

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