jr02518 said:
Curtis,
Does you definition of "privilege" take into account that I work as much as I choose too? I do not limit my self to a traditional 40 hour work week and that I am grateful for my success, but also responsible for my failures.
The very defiinition of privilege is that you have the body and mind that is capable of working at all and not being sympathetic to those who can't. I won't assume anything about you in specific, but your words so far have implied that you feel special for being born "capable" and would prefer to profit from the misfortune of others at their expense.
I grant you your vote, but please be carful your motivations that would limit the success of others. Our tax structure, incrementally cost those who make money a higher tax burden on that increase in income. Please know that the Government is very efficient at collecting what they consider their share of my efforts. I would take issue that "you or the government" can save me, money or other wise to improve, very much. Free will and ability to supper size your fries and soda with your meal, remind me that the belief our government can fix things is a question that comes up for a vote every four years.
The current government? Broken. I don't trust them to do much of anything except mess everything up. But your view of the tax structure is a bit naive. Take a look at what the kill-three-trees-to-print tax code actually allows. The amount that the top earners pay in actual revenue to the IRS is monstrously different from the bracketed tax structure.
If you work hard, are lucky and make more, you will be sharing, more.
Why is this not a good thing?
David
Again, this is a remarkably naive viewpoint. You assume that effort = product. You said the words yourself... Lucky. THAT is privilege. I don't care if you work hard and make tons of money. I promise you, I work far more than any CEO on the planet. I work 14 hours a day, 7 days a week at a job I love and make $35k. And it's not light work, it is heavy construction. By myself. I don't begrudge them their luck, the efforts, or their skills, I begrudge the government that lets them claim ridiculous exemptions and end up not paying their fair share of taxes. On the surface, they may be in a 28% tax bracket, but their effective tax rate is much lower.
I won't get into the benefits and drawbacks of a bracketed tax system, but just assuming that rich people pay more taxes is not only naive, it is not the issue I'm talking about. Corporate taxes. One example: In 2017, WalMart posted $123B in profits, laid off 9400 employees (for which they got a tax reduction), and raised the salary of the CEO to $22.8M. Thanks to the new tax code, their corporate tax rate is only 19% to start with. Using the tax code to write off everything they legally could, including special tax breaks for employing people who are marginalized, on welfare, or othewise handicapped, they wrote off $373M in taxes. This made their effective tax rate 0.3%.
Amazon is contributed even less. Of their $5.6B in profits, their CEO having a net worth of over $100B, Amazon paid zero dollars in taxes. How? Tax breaks for executive stock options. Not only did they avoid taxes by using potentially legit means, they did it by giving billions of dollars to executive in stock options. Even written into the new administration's tax code is a one-time tax break of $789M.
So, when people complain about their $6 going toward medicare, I don't have much sympathy that they are missing the bigger picture. In 2015, the government actively gave away $1.22T in tax breaks. That is more than the entire US government's discretionary budget which includes military spending, transportation and infrastructure, medicare, and social security to name just a few. The government gave away over 7 times what we spent on the entire military, DHS, and border patrol combined. This isn't about you and your taxes. This isn't about lazy people. It isn't even about non-lazy but unable to work people. You are operating as a lucky, privileged person in a flawed structure. The fact that your words seem to lean toward the "I'm taking my stuff and keeping it for myself"... and that's fine if its that's what you believe, they just indicate a "la la la la... not listening" viewpoint. I simply choose to not take that road. I choose to fight for a system in which we don't punish the health of the poor by shifting money up the ladder to those who haven't worked for it.