POLITICS American Economics

Except over-taxing the high earners in a capitalistic economy isn't really a capitalistic economy.

 

No, a government discouraging a person's economic growth through taxes so another can even out is essentially a form of socialism.

 

It is, just a different kind.

 

what is overtaxing, exactly? what is that threshold? as long as trade and industry are controlled privately, that is capitalism.

 

essentially? it is or it isn't. if it is, then are we not a capitalist economy after all, since we have a progressive tax system? are you saying America is a socialist country?

 

America has a whole lot of socialism ideals blended into it's tax structure. A whole lot of it.

 

Ah, capitalism diluted by taxation. That's definitely the cure to making people happy.

I'm fine with minimal taxes for everyone, to be honest. I even liked Ben Carson's proposal of a flat tax. The fed isn't supposed to be everything for everyone.

 

You mean progressive taxation? Surely not.

 

And overtaxing = taking a disproportionate amount of money from different brackets. 70% tax on the highest earners is absurd.

 

It is what it is. There's socialistic/progressive fingerprints all over our tax system. It's not full blown, and maybe it is good/needed, but let's call it like it is.

 

Is the incredible vagueness intentional? “Socialistic/progressive”, what does that even mean?

 

Take a look at the definition of socialism and then work through it.

 

I’m not trying to pick an e-fight here, you may want to study up before going the condescending route.

 

Yes. Less competition for an inferior product to rise up. Everybody wins.

 

What exactly do I need to be educated on here? You not understanding what socialism is and how that goes into progressive taxes?

 

Fixed.

 

Well, I’m not the one that said over-taxing makes for a non-capitalist economy. So it would appear you don’t know what capitalism means. Or socialism.

 

Ah capitalism diluted by progressive and/or unnecessarily high taxation masquerading as socialism. Textbook definition of capitalism eh comrade?

Now please don’t just try to avoid the question because you’re a moron and don’t have an answer

 

A private sector that thinks they have all the freedom in the world while money is taxed at non-even intervals based on income. That’s capitalism right rock? Oh except that “for profit” part essentially becoming null and void because the government gets the lion’s share

 

Again, I don’t think you understand the key differences between capitalism and socialism. And if a single person on this site comes to your defense here I’ll know they’re either stupid or being dishonest.

And let the record show that you’re the one who was a [penis] here. I didn’t start the name calling.