We're seeing it in Greece, Spain, Portugal, Ireland, Italy, England and in the USA as well. What we should say is, we'll see more of it and it'll be worse.
Seeing Student loan bubbles burst over there Michael?
Nope, try again.
Mary makes $35K a year. Thanks to John's buddies at the bank, John (who ALSO makes $35K a year) he owns 5 houses. He should be going bust as house prices return to a reasonable affordable level - so that Mary can enter the market. But, that's not what's happening. Mary's loosing income from tax BUT WORSE she's also subsidizing John's bad investment by her forced participation in USD. When the Federal Reserve bails out the Banks, it's people like Mary who are left to live in her car while John gets to keep his 5 homes. That's stealing.
That's not moral.
NO NO NO.
The Homeowner Assistance part of TARP would only help out John if he could pay the mortgages on his 5 houses. Clearly he could not on an income of $35k, so again all you do is make up a STRAWMAN which doesn't match reality so you can claim you are right.
And you forget that there is also Federal Help for Mary to buy a home.
And the Banks have paid back their loans so you really have no leg to stand on.
Um, income is YOUR PROPERTY!!
Ah, let's look back at your previous statements.
Michael said:
Companies can pay tax. Companies are not people, so, yeah, they can pay some tax.
Well when you tax a business they add the cost of the tax to the cost of the product, so then part of the INCOME they make from the sale of the product goes to the government as Tax. This is no different, when you make income, part of the income goes to the government as tax, the rest then becomes your property.
I'd agree if it were a company, as companies are not people. But, if you initiate force against a Citizen, then, yes that's IMO a violent act. But, if you think forcing someone to give up their money by pointing a gun at their head isn't violent - well, that's your choice. Most people who have been mugged, probably feel otherwise :shrug:
It IS initiation of force against another person, and that is immoral.
And how is taxing a Corporation which then passes the Taxes onto the buyers of the product ANY DIFFERENT Micheal?
Consider the Farmer above who sells his produce at the same price, but pays no income tax. In your situation the cost of his Seed, Fertilizer, Tractors, Electricity, Gas etc would ALL go up, since all the suppliers would be making up the lost income tax to the govt via much higher Corporate taxes, so his Income would go down.
The NET to the Farmer is roughly the same, but overall, the RICH would pay far far less tax in you scheme.
So BFD, you make more income than most and so you are on here day after day saying we should make the tax structure more regressive and lower the taxes on the rich.
Good luck pushing that solution.
I think many parents spank, even if they say on a survey they don't think it's appropriate. I asked a colleague of mine (he has two kids) if he thought spanking was appropriate and he said no. I said: You never hit your kids? He said: Well, to be honest, sometimes. But I feel bad afterwards, I just loose my temper.
I see you are not one to let facts get in the way of your beliefs.
I'm not saying I personally am superior. Actually, there's no such thing as a "superior" person. I will say that perhaps I have a different attitude because I was never spanked. Or, at least I'll entertain that this MAY be a possibility.
You most clearly ARE saying you are morally superior Michael.
Michael said:
I can clearly see the immorality of initiation of force whereas others can not
And I suspect that belief that you are superior is why you won't accept that you are wrong, even when the documented facts are presented to you.
Collection of progressive Income taxes are not a form of violence.
The TARP funds have been paid back by the banks.
The high income earners pay, by far, most of the Federal Income Taxes.
The low income earners are NOT subsidizing the high income earners.
The homeowner assistance program doesn't operate like your examples claim.
An Income based Tax system, with increasing TIERS based on increasing income is a Progressive Tax system which puts more of the tax burden on those who can afford it.
A Corporate, Excise, Sales and Fee based tax system is Regressive and puts a higher burden on those with the lower incomes.