Fiscal Responsibility Bill [On President's Desk]

[Хahar 🤔]

This is close to 50%, but as it is under the psychological impact of "taking half of my income" isn't there

So super-rich might have their feelings hurt if their tax rates go above 50%?

Cry me a river.

[Хahar 🤔]

This is close to 50%, but as it is under the psychological impact of "taking half of my income" isn't there

So super-rich might have their feelings hurt if their tax rates go above 50%?

Cry me a river.

See, that attitude is what makes the rich resent the government and the poor and hide their wealth instead of using it to help society.

Sit down, and I shall tell you a story.

In the interwar period, the two hundred families that ran the Bank of France thrice imposed a right-wing government after legislative elections had returned a majority on the left. This continued no matter how many conciliatory gestures were made. It would have continued indefinitely, but the two hundred families were broken at war's end. Only then could socialist governments be formed.

[Хahar 🤔]

This is close to 50%, but as it is under the psychological impact of "taking half of my income" isn't there

So super-rich might have their feelings hurt if their tax rates go above 50%?

Cry me a river.

See, that attitude is what makes the rich resent the government and the poor and hide their wealth instead of using it to help society.

You know, in the interwar period, the two hundred families that ran the Bank of France thrice imposed a right-wing government after legislative elections had returned a majority on the left. This continued no matter how many conciliatory gestures were made. It would have continued indefinitely, but the two hundred families were broken in the war. Only then could the popular will be expressed.

That was a different time and a different country. Plus, that was on 200 families, what about the thousands of other rich French families?

"Two hundred families" is a euphemism. The Bank of France had 200 shareholders, but they represented French monied interests. In 1924 and 1932, Cartels des gauches were formed. Each cartel won the election, but the centrist Radical-Socialist Party switched its allegiance to the right each time when French money made it clear that it lacked confidence in a left-wing government. In 1936, the Front Populaire was elected, and Léon Blum became the first socialist and the first Jew to become Prime Minister. Despite taking every measure to appease the powers that were, including suppressing the strikes that spontaneously broke out thoroughout France, French money declared war on the Front Populaire, forcing Blum to resign within the year, and the Front to collapse by 1938. Its replacement was a group of dull centrists and right-wingers who were unable to take the necessary steps to stop the German invasion. The settings may change, but the story remains the same.

[Хahar 🤔]

This is close to 50%, but as it is under the psychological impact of "taking half of my income" isn't there

So super-rich might have their feelings hurt if their tax rates go above 50%?

Cry me a river.

See, that attitude is what makes the rich resent the government and the poor and hide their wealth instead of using it to help society.

You know, in the interwar period, the two hundred families that ran the Bank of France thrice imposed a right-wing government after legislative elections had returned a majority on the left. This continued no matter how many conciliatory gestures were made. It would have continued indefinitely, but the two hundred families were broken in the war. Only then could the popular will be expressed.

That was a different time and a different country. Plus, that was on 200 families, what about the thousands of other rich French families?

"Two hundred families" is a euphemism. The Bank of France had 200 shareholders, but they represented French monied interests. In 1924 and 1932, Cartels des gauches were formed. Each cartel won the election, but the centrist Radical-Socialist Party switched its allegiance to the right each time when French money made it clear that it lacked confidence in a left-wing government. In 1936, the Front Populaire was elected, and Léon Blum became the first socialist and the first Jew to become Prime Minister. Despite taking every measure to appease the powers that were, including suppressing the strikes that spontaneously broke out thoroughout France, French money declared war on the Front Populaire, forcing Blum to resign within the year, and the Front to collapse by 1938. Its replacement was a group of dull centrists and right-wingers who were unable to take the necessary steps to stop the German invasion. The settings may change, but the story remains the same.

Interesting, and yet this hasn't happened in the US for almost 100 years. I've had my history lesson for the day

Glad to hear it.

I'm suspicious of any talk of coddling the rich.

[Хahar 🤔]

So, an individual making $164,550, which is upper middle class or even rich in some areas, will pay $23,995.72 in taxes, while somebody making $367,700 will pay $96,468.23. The latter's salary is 2.23 times larger than the former, but the latter's taxes are 4 times larger than the former's. You simply cannot claim that that's fair. Shouldn't the poor, who benefit most from social services, pay the same % of their income in taxes as the rich?

You seem to forget that money spent on necessities is more or less static between rich and poor. Consequently, the poor spend more on necessities as a proportion of income than do the rich. As a result, a flat tax hurts the poor more than the rich.