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KrazyHorse is offline KrazyHorse
King
Macedonia
May 2001
time: 00:33
  Old Post 30-07-2004 08:07 Visit KrazyHorse's homepage!
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quote:
Absolutely right, there are only 30k people in the USA with a net worth of 30Mil +, which slants the numbers even more favorably in my favor. Thanks for catching that!


Are you smoking crack?

How does that have anything to do with your figures?

Geronimo is offline Geronimo
King
st cloud USA
Jan 1970
time: 05:33
  Old Post 30-07-2004 08:07
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quote:
Originally posted by MRT144
as for the inheritance or estate tax, (death tax is silly because its not like the person is taxed when he dies. Imagine the scene: "well willy just kicked off, thatll be 1000 dollars. Oh he died of a gunshot wound...very sorry, its now 10000." It really is a tax on what you inherit and pass along. dolts.) im against it. what you do with your money after youre is your business. however, while youre alive, you i believe that a part of your income needs to go programs that benefit a large group of people.

forced alrtuism is far from the worst thing in the world.


wow, if this isn't a troll you an I appear to have exactly the opposite priority with respect to income tax vs. estate tax. Please explain why you think stealing someones hard work is a good thing while using money that used to belong to someone who is now dead and is being given to someone else who didn't work for it at all is bad. This should be interesting if nothing else.

Berzerker is offline Berzerker
Emperor
topeka, kansas,USA
May 1999
time: 23:33
  Old Post 30-07-2004 08:08
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Let's look at this from a non-ideological pragmatic approach:

Everyone in a community starts out with $100. Some people, being more inventive, more hard working, etc., figure out ways to turn that $100 into $1000 while others squander what they have. Now the people who squandered their money ask those who did not for help. The "rich" say, "sure, I've figured out a way to make farming more productive with this machine and I need help making machines". So they hire the less inventive who've squandered their money. Result: the "rich" get richer and their employees regain what they lost and more in addition to a better sense of hard work and responsibility.

Liberals come along and say that's unfair. We need to take what the "rich" person has and spread it among those who've squandered their wealth. Result: the "rich" person loses the capital they've worked to build up in preparation for expanding their business accompanied by the loss of jobs they would have created and the squanderers lose their jobs and their ticket to a better life all for a temporary, unsustainable gain.

Imagine how life would be if someone kept coming along every year to even out wealth. The productive would lose their production and lose their motivation to produce and the non-productive would sit back waiting for their yearly check and never learn the traits of the productive. What's the saying? Give a man a fish and he eats for a day, teach him to fish and he eats for a lifetime.

There's a reason Japan has been in the doldrums, they have a corporate welfare economy. The politicians prop up more inefficient businesses by taking from consumers and more efficient businesses. Look at what happened to Jaguar Motors when Hatcher ended their welfare. Jaguar had to improve or die, and they improved.

Velociryx is offline Velociryx
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Apr 1999
time: 05:33
  Old Post 30-07-2004 08:09 Visit Velociryx's homepage!
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To GePap: Even if we assume that fully 36k of the 270k "new millionaires" are trust fund babies, that still leaves us with

36k trust fund millionaires
vs
234k boostraped ones

Again....which number is bigger? I know math's not my strong suit, so...help me out.



-=Vel=-

Geronimo is offline Geronimo
King
st cloud USA
Jan 1970
time: 05:33
  Old Post 30-07-2004 08:10
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quote:
Originally posted by Velociryx
Absolutely right, there are only 30k people in the USA with a net worth of 30Mil +, which slants the numbers even more favorably in my favor. Thanks for catching that!

Further:

A 2002 study by Capgemini found that more than half of the high-net-worth individuals in the U.S. were "new money," or self-made millionaires. Inherited money is declining as a share of wealth in the U.S., according to the study, accounting for less than 20% of high-net-worth individuals in 2002.

taken from:

http://www.globalpolicy.org/socecon...illionaires.htm

More? I'm beginning to enjoy this!

-=Vel=-


Well this helps me feel a little better. Maybe we aren't heading for an anti-meritocracy future dystopia after all.

MRT144 is offline MRT144
Chieftain
Seattle Washington
Oct 2002
time: 21:33
  Old Post 30-07-2004 08:12
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quote:
Originally posted by Geronimo


wow, if this isn't a troll you an I appear to have exactly the opposite priority with respect to income tax vs. estate tax. Please explain why you think stealing someones hard work is a good thing while using money that used to belong to someone who is now dead and is being given to someone else who didn't work for it at all is bad. This should be interesting if nothing else.


you have nothing to offer and contribute to society when youre dead.

Geronimo is offline Geronimo
King
st cloud USA
Jan 1970
time: 05:33
Question  Old Post 30-07-2004 08:13
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quote:
Originally posted by MRT144


you have nothing to offer and contribute to society when youre dead.



...well yeah, exactly! So why do you like income taxes better than estate taxes?

KrazyHorse is offline KrazyHorse
King
Macedonia
May 2001
time: 00:33
  Old Post 30-07-2004 08:14 Visit KrazyHorse's homepage!
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quote:
Originally posted by Geronimo


Well this helps me feel a little better. Maybe we aren't heading for an anti-meritocracy future dystopia after all.


Don't believe it yet. Find out how they defined their terms...

KrazyHorse is offline KrazyHorse
King
Macedonia
May 2001
time: 00:33
  Old Post 30-07-2004 08:15 Visit KrazyHorse's homepage!
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Because with a correlation coefficient of 0.5 between intergenerational incomes the US is no meritocratic paradise...

MRT144 is offline MRT144
Chieftain
Seattle Washington
Oct 2002
time: 21:33
  Old Post 30-07-2004 08:16
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also...

berzerker, look at europe. they have a better than average welfare system. sure they arent economically impressive as the US, but i think it stands to reason they enjoy a better quality of life because they arent so focused on a rat race of money. Their governments provide the essentials so they can focus on more important things, like family, football, food, and fun.

chegitz guevara is offline chegitz guevara
King
Ft. Lauderdale, FL Communist Party of Apolyton
Jun 2000
time: 00:33
  Old Post 30-07-2004 08:18 Visit chegitz guevara's homepage!
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quote:
Originally posted by Velociryx
Again....which number is bigger? I know math's not my strong suit, so...help me out.



-=Vel=-


Okay, things have changed in the last decade and a half. It still remains to be seen whether this is a long term trend or one created by the internet bubble.

Kuciwalker is offline Kuciwalker
Emperor
of Schmooism
Feb 2001
time: 00:33
  Old Post 30-07-2004 08:20
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quote:
Originally posted by KrazyHorse
Because with a correlation coefficient of 0.5 between intergenerational incomes the US is no meritocratic paradise...


Did you miss my post? And Berz made the point about a dozen times now that people usually don't inherit wealth until after they're already well on they're way to being rich, or are already there.

Velociryx is offline Velociryx
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Apr 1999
time: 05:33
  Old Post 30-07-2004 08:20 Visit Velociryx's homepage!
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Ummm....Che....not sure where you've been hiding bud, but in case you missed it on the news, the Internet bubble burst back in the 90's, and these guys made their fortunes AFTER that.



-=Vel=-

Kuciwalker is offline Kuciwalker
Emperor
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Feb 2001
time: 00:33
  Old Post 30-07-2004 08:21
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quote:
Originally posted by MRT144
also...

berzerker, look at europe. they have a better than average welfare system. sure they arent economically impressive as the US, but i think it stands to reason they enjoy a better quality of life because they arent so focused on a rat race of money. Their governments provide the essentials so they can focus on more important things, like family, football, food, and fun.


What gives you the right to determine that "family" is more important for me?

Funny, a liberal arguing for family values...

MRT144 is offline MRT144
Chieftain
Seattle Washington
Oct 2002
time: 21:33
  Old Post 30-07-2004 08:21
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quote:
Originally posted by Geronimo



...well yeah, exactly! So why do you like income taxes better than estate taxes?


there are no garuntees that at the end of the life, there will be taxable income.

Geronimo is offline Geronimo
King
st cloud USA
Jan 1970
time: 05:33
Question  Old Post 30-07-2004 08:23
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quote:
Originally posted by MRT144
also...

berzerker, look at europe. they have a better than average welfare system. sure they arent economically impressive as the US, but i think it stands to reason they enjoy a better quality of life because they arent so focused on a rat race of money. Their governments provide the essentials so they can focus on more important things, like family, football, food, and fun.


Explain why it is not possible to enjoy these things without a welfare state. Assuming government provides services less efficiently than the private sector (and so far this appears to almost always be the case) then the greater efficiency of the economy of the non-welfare state should allow it to provide the same or greater free time at even lower cost.

Don't forget that the same people who you claim are bennefitting from their governments provision of their basic essnetials are also the same ones who will have to pay for it and who will have to labor to provide those essentials.

Geronimo is offline Geronimo
King
st cloud USA
Jan 1970
time: 05:33
  Old Post 30-07-2004 08:25
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quote:
Originally posted by MRT144


there are no garuntees that at the end of the life, there will be taxable income.


Oh well. there is also no guarentee that in the middle of life there will be any income to tax. Dang. fortunately the government can budget based on the average.

MRT144 is offline MRT144
Chieftain
Seattle Washington
Oct 2002
time: 21:33
  Old Post 30-07-2004 08:29
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quote:
Originally posted by Kuciwalker


What gives you the right to determine that "family" is more important for me?

Funny, a liberal arguing for family values...


im not a liberal, doofus.

the thing that i dont think is important are the ideas that work and your means to work are all that you are worth, and all you should care about. this ties into my belief that to sustain a society where this idea is rejected there must also be a system that provides basics to people(health care, food, clothing, and shelter, work)

Kuciwalker is offline Kuciwalker
Emperor
of Schmooism
Feb 2001
time: 00:33
  Old Post 30-07-2004 08:31
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Work is all that you're worth monetarily.

Berzerker is offline Berzerker
Emperor
topeka, kansas,USA
May 1999
time: 23:33
  Old Post 30-07-2004 08:34
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Kid -
quote:
And conservatives want to take a little at a time, everytime he decides to work or buy something.


I'm not a conservative, but I'd have to ask: which of the two will take more? Wait a minute, liberals do that too in addition to the death tax.

MRT -
quote:
because it is a characterization, and by that very fact is not factual or a true indication of who i am. it is an overstatement in an attempt to brand me as something.i am not a liberal. I have certain opinions that lean left, and certain that lean right. get used to it.


You didn't explain why my characterisation was invalid, you just said it was as if that's proof.

Krazyhorse -
quote:
If it was a death tax then it would apply to all those that die.

It's a tax levied on the act of leaving an estate.

If you don't leave an estate when you die then there's no tax.


Then the estate tax is not a tax on estates because it only applies to people who die with a certain amount of money. Virtually everyone leaves an estate... I knew that argument was coming up...

Geronimo -
quote:
Sure decide what you want. But do not expect me to ascribe to your post mortem transactions the same validity that I give to your ownership of the money you earn.


That's a bogus argument, liberals won't let people hand over their money to their offspring when they're alive so they can avoid the death tax, there are all sorts of limits on what parents can give their kids to ensure there are estates liberals can tax to high heaven.

quote:
It's critical that we control the fruits of our own labors but it's of no consequence that other people get to keep the fruits of our labors after we leave the world.


It's called respecting their wishes. Dying people feel better when we do that...

quote:
My objection to taking someone's earned money is that it is tantamount to slavery. Can't enslave someone who is dead. only the living.


They can't make money when their dead either. So the money being taken was earned when they were alive, and that's when they are enslaved. Might as well tell people to spend everything they have because you will take it when they die. Hell, might as well send grave diggers into coffins to grab any other possessions they're buried with. Better yet, why bury people in marked graves we're supposed to leave indisturbed? According to you, they shouldn't even own the burial plot.

chegitz guevara is offline chegitz guevara
King
Ft. Lauderdale, FL Communist Party of Apolyton
Jun 2000
time: 00:33
  Old Post 30-07-2004 08:34 Visit chegitz guevara's homepage!
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quote:
Originally posted by Velociryx
Ummm....Che....not sure where you've been hiding bud, but in case you missed it on the news, the Internet bubble burst back in the 90's, and these guys made their fortunes AFTER that.



-=Vel=-


But the technology didn't go away, and it's still reptty easy to become an internet millionaire. It's just not ridiculously easy.

MRT144 is offline MRT144
Chieftain
Seattle Washington
Oct 2002
time: 21:33
  Old Post 30-07-2004 08:35
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quote:
Originally posted by Geronimo


Explain why it is not possible to enjoy these things without a welfare state. Assuming government provides services less efficiently than the private sector (and so far this appears to almost always be the case) then the greater efficiency of the economy of the non-welfare state should allow it to provide the same or greater free time at even lower cost.

Don't forget that the same people who you claim are bennefitting from their governments provision of their basic essnetials are also the same ones who will have to pay for it and who will have to labor to provide those essentials.


the private sector is not benevolent, nor does it try to be. the government in some capacity should be. the role of government is to empower its people to succeed.

your second paragraph ties into the idea of "taxing the rich" using extra income to support people that need it isnt a bad idea. unless you believe in the duality of "fairness"

DinoDoc is offline DinoDoc
Emperor
AECCP loves Democracy
Sep 1999
time: 23:33
  Old Post 30-07-2004 08:36
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quote:
Originally posted by chegitz guevara
and it's still reptty easy to become an internet millionaire. It's just not ridiculously easy.
When did you make your first million, che? I'll come over and take 90% of your money.

MRT144 is offline MRT144
Chieftain
Seattle Washington
Oct 2002
time: 21:33
  Old Post 30-07-2004 08:40
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quote:
Originally posted by Berzerker
MRT -

You didn't explain why my characterisation was invalid, you just said it was as if that's proof.


because i can tell you that i am not a liberal. i know myself better than you. or am i a dubious athourity on my own belief system.

i dont believe in stealing. Im not going to argue semantics with you about how you think taxes are stealing, because we each are stuck in our own ideology.

Velociryx is offline Velociryx
Moderator
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Apr 1999
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  Old Post 30-07-2004 08:40 Visit Velociryx's homepage!
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:: shrug::

More technology coming online every day. More opportunities for those with a bit of savvy.

Fifteen years = a pretty damnably solid trend, and that's the state of affairs in the here and now, which is, I presume, what we're talking about, yes?

And if so, then the original hypothesis presented is FALSE.

-=Vel=-

Kidicious is offline Kidicious
Settler
Diety of Kidiverse
Mar 2003
time: 21:33
  Old Post 30-07-2004 08:41 Visit Kidicious's homepage!
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quote:
Originally posted by Berzerker
Let's look at this from a non-ideological pragmatic approach:

non-ideological? Is that what you think your little approach is?

How about if we look at it from an approach that resembles the real world as we know it today?

One person is born into society as a property owner, and another person is born into the world with no means to provide the things he needs for himself. The capitalist wants to sit on his ass and think of ways to get more capital so he puts an add in the paper offering to pay someone a wage to do the work that he was doing before. The poor person decides that he would rather work than starve so the only choice that he is left with is working for our soon to be capitalist. You say this is consent.

Let's look down the road a little. Not working has paid off big for the capitalist. He has found a way to get more wealth. Unfortunately for the worker it involves moving the capital to another country and hiring someone for cheaper than the worker was able to live on.

So the worker still wants to eat. He asks the capitalist for help. The answer is no.

Now according to you the capitalist acted in an ethical way and owes the worker nothing because the worker gave his consent.

THIS IS ALL YOU HAVE! After several 500 post threads on this, this is all you have - what you call 'consent.'

Get a new argument. This one is so weak its incredible.

Last edited by Kidicious on 30-07-2004 at 08:46

Velociryx is offline Velociryx
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  Old Post 30-07-2004 08:44 Visit Velociryx's homepage!
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Question for The Kid:

When have your posts EVER been concerned with the state of affairs in the real world?

-=Vel=-

Urban Ranger is offline Urban Ranger
Apolyton Duke of Off-Topic

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May 1999
time: 13:33
  Old Post 30-07-2004 08:47
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quote:
Originally posted by Saras
So, how much of the US population live below the GLOBAL income average, median AND mode


That's a red herring.

It simply is impossible to live on, say, US$2 a day in the US, but you can in a great number of 3rd World countries.

Kidicious is offline Kidicious
Settler
Diety of Kidiverse
Mar 2003
time: 21:33
  Old Post 30-07-2004 08:48 Visit Kidicious's homepage!
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quote:
Originally posted by Velociryx
Question for The Kid:

When have your posts EVER been concerned with the state of affairs in the real world?

-=Vel=-


nice punt

Japher is offline Japher
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Jun 2002
time: 05:33
  Old Post 30-07-2004 08:49
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quote:
One person is born into society as a property owner, and another person is born into the world with no means to provide the things he needs for himself. The capitalist wants to sit on his ass and think of ways to get more capital so he puts an add in the paper offering to pay someone a wage to do the work that he was doing before. The poor person decides that he would rather work than starve so the only choice that he is left with is working for our soon to be capitalist. You say this is consent.


It ain't what you are born into it is what you become... Why are people more concerned with Other Peoples Money than with their own. Get your own! And, Kid, if you want help I have good connections in Fresno.

 
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