RE: Las Vegas Review-Journal Endorses Romney
October 10, 2012 at 11:23 am
(This post was last modified: October 10, 2012 at 11:24 am by festive1.)
Why shouldn't investment income be taxed as wages? Perhaps not across the board, but for people whose annual income is over a certain amount, I'm in favor of this. Yes, the money initially invested was taxed at wage levels (though not always, there are different forms of investments that get around that with the use of pre-tax dollars), but being this is Romney's only source of income, shouldn't it be seen and treated as his wages? Romney doesn't have a job. He doesn't have to get up and go into an office every day. He simply sits around being a master of the universe while his hedge-fund managers and trust accountants make him even wealthier. Not to mention his Cayman Island and Swiss bank accounts, where I'm sure he squirrels away a lot of money and investments to avoid being taxed. Just an aside, I'm using Romney as a convenient example, everyone who shares his top bracket status should be more heavily taxed as well.
Tithing is all well and good, but that money is only going to help the church and those that the church deems worthy of their charity, not the general public. Churches should be taxed, with the exception of their charitable organizations (which should be set up as separate, non-profits), but money that churches bring in for their own use should be taxed.
The American Dream, is just that, a dream. Social mobility is at a standstill, if not running in reverse. Work your ass off all you want, chances are very high that you will never earn even a quarter of what Gov. Romney is worth. I'm all for rewarding those that do well, but not at the expense of others. In my view when someone earning $16+ million a year (without even having a job) is only paying 14% in taxes, that's needlessly hoarding money that could be used for far better purposes.
Tithing is all well and good, but that money is only going to help the church and those that the church deems worthy of their charity, not the general public. Churches should be taxed, with the exception of their charitable organizations (which should be set up as separate, non-profits), but money that churches bring in for their own use should be taxed.
The American Dream, is just that, a dream. Social mobility is at a standstill, if not running in reverse. Work your ass off all you want, chances are very high that you will never earn even a quarter of what Gov. Romney is worth. I'm all for rewarding those that do well, but not at the expense of others. In my view when someone earning $16+ million a year (without even having a job) is only paying 14% in taxes, that's needlessly hoarding money that could be used for far better purposes.
