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  • eseyfried eseyfried Apr 9, 2010 12:04 PM Flag

    Value Added Tax (VAT) Will Destroy The USA (Vid)

    Winholder rich people don't start businesses because they want to help people. They start businesses to make even more money. They hire people if they need them to make products or provide services that give the rich people profits. Most rich people make money from the ordinary people who shop at Walmart, McDonalds etc. If the rich people just depended on other rich people as their customers, they would not do too well. Even Ford understood that if the ordinary people can buy cars, his company would do well. I call it trickle up.

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    • "Winholder rich people don't start businesses because they want to help people. They start businesses to make even more money."

      And your point is they still create jobs for other folks, right? People don't go to work for fun; they go to earn a living and MAKE MONEY. Some actually get lucky enough to really enjoy their work, but they aren't doing it for the hell of it.

      Yeah, they make money off the backs of the poor people that are buying the products and services they create. Those poor people that don't have the money to spend, or the time to enjoy life?

      Where do you think the people that shop at Wal-Mart get their money, other than the welfare recipients I mean? They work for the rich people and some of them even become rich in the process.

      Gezzz, get out more often.

      • 2 Replies to winholder
      • I've never seen a poor person start a business. If you own the business and have your money at risk- you should get the most reward. This is not the NBA where the unioinized players think they are the be all and end all product. They can be replaced.

      • Winholder, the point is if the ordinary people didn't have the money to spend, there would be a lot less rich people. Many of the rich people got rich selling to the masses. If we add a value added tax which is a sales tax, the ordinary people will have to buy less things because the cost (to them) of everything they buy will be higher. On the other side, if we raised the top tax rate, the rich will still have money to spend because all of their costs for business can still be deducted from their taxable income. In addition the tax rate on long term investments will still be lower than the regular tax rate for the rich.

    • Lets take a look at economics for a second. If there are more jobs there is a bigger tax base to pull from. More people more income earning people more taxes being paid into the Fed. Less jobs, less tax base, increase in taxes to make up for those not working.

      Rich people usually want to spend money to make money. Not always fair but job creation is a key part of the process. Most of these jobs are entry level, but from my experience you can work your way up to the top from the bottom. It is called hard work. Most young people really don't know what hard work is. They want everything handed to them these days. How about working hard and attaining some goals for yourself. You think rich people didn't work hard to be where they are today? Contraire I have been fairly sucessful and I have worked for every penny and accomplishment to this day and don't regret it one bit.

      No VAT for USA job/consumption killer.

      D

 
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