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Bill Gates backs financial transaction tax to aid poor

Discussion in 'Current Events' started by Party Rooster, Sep 24, 2011.

  1. Party Rooster

    Party Rooster Unleash The Beast

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    http://www.reuters.com/article/2011...=Feed:+reuters/topNews+(News+/+US+/+Top+News)
     
  2. Don the Radio Guy

    Donator

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    I have an idea. Let's tax operating systems based on how much drive space they take up.
     
  3. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    Neither have rich countries.

    Sweet, so when do they start donating to the US, which in 2010 had a deficit equal to around 8% of its GDP?

    Countries should donate to developing nations if the people support it and they can afford it. We can't afford it. Further harming out fiscal position is not going to help anyone in the long run.
     
  4. lajikal

    lajikal Registered User

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    At this point I'd rather go by with what gates/2nd richest in the world recommends. We know what happened the first time people didn't take him seriously.
     
  5. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    Bill Gates should fuck off and die already. What a major CUNT hole he has become.
     
  6. Yesterdays Hero

    Yesterdays Hero She's better than you, Smirkalicious.

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    FIFY.

    I enjoy Billionaires that have so much money, they could never spend it all. They just kind of sit on it, while making the token donation here and there to save face. Delicious.
     
  7. lajikal

    lajikal Registered User

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    Breaking his own records worlds' largest donations is sitting on it?

     
  8. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    Vaccines to kill those turd worlders, maaan.
     
  9. lajikal

    lajikal Registered User

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    Breaking his own records worlds' largest donations is sitting on it?

     
  10. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    How the fuck did you get a double post with 14 minutes and another post between them?
     
  11. Party Rooster

    Party Rooster Unleash The Beast

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    Poop.
     
  12. Yesterdays Hero

    Yesterdays Hero She's better than you, Smirkalicious.

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    Sure is. What do you need to live on really comfortably so your every whim is cared for as well as your kids? 100 Million? Shit, 500 if you wanted to be greedy?

    Not that it matters of course. World's beyond help at this point anyway, regardless if it did a 180' and got it's shit together. Which it won't. Thankfully I might add. Keeps my Misanthropy strong and healthy. :icon_bigg
     
  13. Your_Moms_Box

    Your_Moms_Box Free Shit / Socialism 2016

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    Why not just eliminate the capital gains special tax treatment and treat them as ordinary income.

    Still don't understand why these people are able to make tens of millions of dollars and have it be in a 15% tax bracket.
     
  14. Party Rooster

    Party Rooster Unleash The Beast

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    I love it. A guy who made billions because of capitalism now wants to push socialism on the rest of the world now that he and his great-great-great-great grandchildren are set for life.
     
  15. Yesterdays Hero

    Yesterdays Hero She's better than you, Smirkalicious.

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    As long as it helps end Humanity that much faster, I'm all for it.
     
  16. Sunsetspawn

    Sunsetspawn Registered User

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    Bob Page needs to fuck off and die already!
     
  17. Don the Radio Guy

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    Because they give people jobs. Why not lower everyone else's tax bracket to 15% instead of punishing those who actually do something?
     
  18. TheDrip

    TheDrip I'm bi-winning.

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    Gates should write bigger checks, then. Otherwise, the greedy cocksucker can just shut the fuck up.
     
  19. English Gent

    English Gent Registered User

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    ^ This x 100. It irritates the fuck out of me to see extremely rich, socialist-leaning people advocate policies that will never have much impact on them or their families.
     
  20. Hoagie

    Hoagie I suggest you tread lightly
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    I'm a huge Pearl Jam fan and I love listening to live shows but that's one of the things that drives me up a wall about Eddie Vedder. He'll occasionally go on this crazy ultra-liberal rant and act like everyone has his money. Some people are just so rich for so long they lose all touch with what it's like to have to worry about money.
     
  21. Don the Radio Guy

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    In all fairness to Eddie Vedder, he'd be a smug condescending asshole if he were broke. He's just a cunt.
     
  22. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    Because the companies also pay taxes on their profits, and capital gains tax is a tax added to that.

    You might want to look into how much the rich pay in income taxes, compared to everyone else. Then answer a simple question: Would you think a fair tax (eliminating all taxes, except one: an income tax of equal rate on every American) would hurt or benefit the people you think are being undertaxed?

    And how come conservatives are the only ones arguing for that tax system?
     
  23. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    This. Corporate taxes are taxed twice before the owners (shareholders) see any money... once as taxes on corporate profits, and then again as taxes on dividends paid to shareholders. It's like if you owned a gas station, and at the end of the month you deducted all your costs of doing business from your revenues, and the remaining balance (in your business account) was taxed 30%. Then you transferred money from that business account to your personal account, at which point the money would be taxed again at 15%. That's how corporate taxes are handled.

    The money's already being taxed twice (on top of all the other taxes associated with doing business), yet people don't feel that's enough. That's one of the reasons we need a flat tax, so people can see exactly how much goes into the government and from where (might make them hesitant when it comes to wasteful spending).
     
  24. Party Rooster

    Party Rooster Unleash The Beast

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    How many jobs were created when we lowered it under Bush?

    It would benefit moderately rich people and businesses. It would probably hurt huge multi-billion dollar businesses who are able to squirrel away a lot of their profits overseas.

    Fun fact: Democrat Dennis DeConcini was the first congressman in modern times to introduce the concept of a flat tax to Congress.

    But the short answer is they more represent poor people. They think that poor people's taxes would go up but when in fact, most flat tax proposals have a threshold where incomes below a certain amount would still be exempt. They also worry that it would drastically cut people's contributions to charitable organizations, which is a valid concern on both sides of the aisle.
     
  25. CousinDave

    CousinDave Registered User

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    I don't know but unemployment was around 5% - well at least until 2007

    I wonder what changed in 2007
     

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