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It's about relative wealth, not absolute. If my income is in the X-percentile, no matter what level the taxes are, I will still be an X-percenter. What you're proposing is making X-percent money and purposely lowering myself relative to other folks making X-percent. If taxes were 50% at the bracket (which would still be quite low relative to 40 years ago), the top 1% would still be top 1% and afford most if not all of the privileges that wealth/income gets them. I worked pretty damn hard to get to where I am at, and I don't doubt many in my income bracket and higher are just as smart and hardworking. But does that mean I deserve multiples the income of someone who didn't make the right choices in high school or college? That's a tougher question, but the multiple here is rather small (3-10x) and most of the discussion isn't even centered on where the 0.5-5% should be paying. It is whether the top 0.5%, deserves to keep so much of 20-1000x the income they are making at the expense of those at the bottom, greater societal instability, etc.

 
"Analyst 1 in IB - Ind" Why don’t they just donate extra money to the government? They’ll happily accept as much as you want to give them

https://fiscal.treasury.gov/public/gifts-to-government.html

Because liberals don't "want to pay taxes," as if that's a position anyone takes.

What liberals want, as I understand it (since I don't claim to speak for anyone but myself) is a more equitable society in which those who benefit the most from being part of it, give the most back.

This means that what liberals want are well funded schools, medical care, social safety nets, etc. And that we believe that while government is not perfect, it is the most effective and efficient vehicle to deliver on these promises on a programmatic basis. As in, individual schools or charities may be impactful and run as perfectly as humanly possible, but they aren't scalable to cover a society of 300mm+ people at that service level. Only government is equipped to do that.

And because liberals aren't psychopaths, they understand that all of those services need to be paid for. Which means taxes. And since a an investment banker making $500,000/yr is benefiting in dozens of ways from being part of this society (even if he/she is too self-absorbed to see it), that person should be giving back in a more substantial manner than the person pumping gas for a living.

Taxation isn't a goal, it's a means to an end. We want a better future for ourselves and our children, and to an obviously lesser but still important extent, a better future for you and yours as well. Taxes pay for that. Asking liberals to donate their salary is (a) a typical desire on the part of American conservatives for a government handout, and (b) missing the point. We pay taxes because we're paying for common goods, even if they're common goods we don't use. Being part of a society means making at least minimal sacrifices, and means not only just respecting the bare minimum of not infringing on others rights, but also willingly helping others get ahead, because a rising tide lifts all boats.

 

Lol stronger safety nets blunt incentives to work. If you want a stagnant society with high natural rate of unemployment move to Europe

 
"Analyst 1 in IB - Ind" Lol stronger safety nets blunt incentives to work. If you want a stagnant society with high natural rate of unemployment move to Europe

Spoken like a person who has never had a moment of struggle in their entire life.

No one wants to be supported by the state. By and large, people want to be self-sufficient, want to take pride in their work, Obviously there are exceptions, but that's inevitable. Telling 99 people they deserve to die or have their children starve the first time they get the flu, because they can't afford healthcare, just because there is a chance that 1 person might get a minimal amount of money he didn't "earn" is absurd on it's face.

It also brings up the question of what it is you think government exists to do. Europeans are, by and large, far happier and more positive about their society than Americans are. If the point of government is to provide the conditions whereby you have the strongest GDP growth and continually hit record highs in the stock markets, then by all means extol America. I think government exists to provide the highest quality of life for it's citizens. How you measure that is obviously a matter of discussion, but if we're telling our fellow citizens that they should starve to death if they can't work, because god forbid the government spend money to feed or house it's people, then I think there's something very wrong with the entire paradigm.

Creating jobs is great. Because it gives people the ability to support themselves. Not because "jobs" as an abstract concept are a goal to shoot for.

 

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