Current Events > So why exactly are poor/middle class against socialism?

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Austin_Era_II
08/04/19 2:52:03 PM
#1:


I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?

I don't get why an average income democrat would say otherwise. Lower or eliminating student debt along with health care would give the person a chance to own a house and live the American dream. Of course there are many other things involved with socialism too which seem to try to better help the people through equality.

We keep preaching the old message that it's on us to change the world when the old way isn't working.
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Turtlebread
08/04/19 2:52:54 PM
#2:


because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires

- albert einstein
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Annihilated
08/04/19 2:53:04 PM
#3:


Because they don't want to turn the United States into a starving third world country to make a few quick bucks now, now, now.
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Rebel_Patriot
08/04/19 2:55:31 PM
#4:


Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ

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Austin_Era_II
08/04/19 2:58:20 PM
#5:


Annihilated posted...
Because they don't want to turn the United States into a starving third world country to make a few quick bucks now, now, now.


How so? If you look at other nations that try the socialism path, but are struggling maybe it's because the average person gets taxed a lot too in order to obtain free health care, but it seems the rich aren't being taxed enough.
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ButteryMales
08/04/19 2:58:42 PM
#6:


Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ

said the rich burn in hell.
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Shablagoo
08/04/19 2:58:56 PM
#7:


Successful propaganda campaigns by the elite.

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Austin_Era_II
08/04/19 2:59:44 PM
#8:


Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...
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Sheep007
08/04/19 3:00:11 PM
#9:


Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...

but trickle down economics
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Shablagoo
08/04/19 3:00:18 PM
#10:


ButteryMales posted...
said the rich burn in hell.


The Christ he knows is the Supply Side one.

http://imgur.com/gallery/bCqRp

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Annihilated
08/04/19 3:00:53 PM
#11:


Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...


Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?
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#12
Post #12 was unavailable or deleted.
sauceje
08/04/19 3:01:51 PM
#13:


They've been successfully tricked into believing they're doing just fine as-is and socialism would make things worse.

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AlecSkorpio
08/04/19 3:03:44 PM
#14:


Probably because it worked out so well for the poor and middle class in South America and the Soviet Union.

Some shit is just ingrained in their brains.
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AlephZero
08/04/19 3:04:45 PM
#15:


the great thing about socialism is everyone is equally poor and starving
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IShall_Run_Amok
08/04/19 3:05:29 PM
#16:


Because they want to be rich and own private property(ies).

Also that's not socialism, its just taxes. Socialism would be government owning the means of production, the abolition of private property, or collective redistribution of goods. The latter one *can* include money I guess, but focusing on that just means we've been socialist forever (because its just taxes) and it doesn't really matter. It would also explain why the poor and middle class don't like socialism, though - they just think it means even more taxes.
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bover_87
08/04/19 3:07:18 PM
#17:


Shablagoo posted...
Successful propaganda campaigns by the elite.

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ElatedVenusaur
08/04/19 3:09:08 PM
#18:


They don't. At least, there tends to be broad support for expanding social services and even for taxing the wealthy. The problems are three-fold:

1) Voters have concerns beyond the economic
2) Voters tend to be poorly informed(this also isn't entirely their fault)
3) Neither major American political party has been serious about implementing such programs since the '70s

https://nymag.com/intelligencer/2017/07/dems-can-abandon-the-center-because-the-center-doesnt-exist.html

That's a really long article that touches on it, but the bit relevant to this topic is this: there aren't actually many voters who are "economically-right". It's mostly the political donor class(also the class which owns most of our media) which supports such positions.

https://pixel.nymag.com/imgs/daily/intelligencer/2017/06/16/16-left-vs-right-chart-1.nocrop.w710.h2147483647.png
Here, that chart is interesting, even if neither the key nor the article tells us exactly what a single dot represents(as there isn't a 1-1 relationship between dots and voters).
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Hexenherz
08/04/19 3:09:20 PM
#19:


Because poor people already don't have a lot, and they think that if we enact more socialized welfare programs, we're going to take even *more* from them. When in reality we would not really be taking from them specifically, we'd be targeting people who are better well off.

There was a really good study published a few years ago about how conservative policies prosper when people are afraid, and there's not much scarier than living through a constant existential crisis because you can't afford your water in my opinion.
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ButteryMales
08/04/19 3:09:22 PM
#20:


Annihilated posted...
Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...


Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?

3 million a year after taxes isn't still rich?
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Hop103
08/04/19 3:09:35 PM
#21:


Socialism has killed in the hundreds of millions, I don't want the US to be another casualty of socialism.
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Austin_Era_II
08/04/19 3:09:51 PM
#22:


Annihilated posted...
Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...


Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?


Learn to save your money. Buy a house for like $500,000. Pay off your other debts. That's what these rich people should do. If I was some big named celeb I'd right now keep only $5 million in my bank account to live off of then whatever else income I made I'd give it all away. Sadly many people that obtain wealth don't do this. A rich person making $10 million shouldn't fucking need 10 lambos or something. Buy 2 cars and that's it. Spread the fucking money.
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_Rinku_
08/04/19 3:09:55 PM
#23:


Turtlebread posted...
because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires

- albert einstein
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CommonStar
08/04/19 3:12:30 PM
#24:


Godnorgosh posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


The wealthiest Americans paid a 91% income tax in the 50s and 60s. You've been propagandized into thinking a 70% tax rate for rich people is some crazy radical notion.

Should also mention it is a marginal tax rate meaning they are taxed the normal rate for the first $10m, but any money earned after the $10m is taxed at the 70% rate.

I think people confuse the marginal tax rate thinking it applies to all their income.
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Annihilated
08/04/19 3:14:23 PM
#25:


Austin_Era_II posted...
Annihilated posted...
Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...


Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?


Learn to save your money. Buy a house for like $500,000. Pay off your other debts. That's what these rich people should do. If I was some big named celeb I'd right now keep only $5 million in my bank account to live off of then whatever else income I made I'd give it all away. Sadly many people that obtain wealth don't do this. A rich person making $10 million shouldn't fucking need 10 lambos or something. Buy 2 cars and that's it. Spread the fucking money.


I think this post is the best example of why American people don't want people like you in charge.
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ElatedVenusaur
08/04/19 3:15:23 PM
#26:


CommonStar posted...
Godnorgosh posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


The wealthiest Americans paid a 91% income tax in the 50s and 60s. You've been propagandized into thinking a 70% tax rate for rich people is some crazy radical notion.

Should also mention it is a marginal tax rate meaning they are taxed the normal rate for the first $10m, but any money earned after the $10m is taxed at the 70% rate.

I think people confuse the marginal tax rate thinking it applies to all their income.

No joke: I took H&R Block's tax prep course(and briefly worked for them), and my entire class, including the instructor(a veteran tax-preparer) didn't understand how marginal rates work. It wasn't explained anywhere in our textbooks, either.
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TheMikh
08/04/19 3:15:36 PM
#27:


Historically speaking, taxes originally intended only for the wealthiest inevitably find their way to the pockets of the middle and working classes.
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Austin_Era_II
08/04/19 3:17:05 PM
#28:


CommonStar posted...
Godnorgosh posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


The wealthiest Americans paid a 91% income tax in the 50s and 60s. You've been propagandized into thinking a 70% tax rate for rich people is some crazy radical notion.

Should also mention it is a marginal tax rate meaning they are taxed the normal rate for the first $10m, but any money earned after the $10m is taxed at the 70% rate.

I think people confuse the marginal tax rate thinking it applies to all their income.


Agreed. The extra money the government obtains from the wealthy from taxes should be used to reduces things first slowly like health care and as more money piles in then eliminate student debt. It just means slowly the rich people right now would have to downsize into an average house than a mansion and there's nothing wrong with that. You can still own a house for $2-4 million while making $10 million or more a year and be taxed crazy high.
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Austin_Era_II
08/04/19 3:27:15 PM
#29:


Annihilated posted...
Austin_Era_II posted...
Annihilated posted...
Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...


Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?


Learn to save your money. Buy a house for like $500,000. Pay off your other debts. That's what these rich people should do. If I was some big named celeb I'd right now keep only $5 million in my bank account to live off of then whatever else income I made I'd give it all away. Sadly many people that obtain wealth don't do this. A rich person making $10 million shouldn't fucking need 10 lambos or something. Buy 2 cars and that's it. Spread the fucking money.


I think this post is the best example of why American people don't want people like you in charge.


I was referring to if someone wanted to be lazy with their money. Otherwise you can still make over $10 million a year and pay high taxes while helping out the economy by owning or starting new businesses. People act as if it's gonna ruin our economy so poor people won't want to work.
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Annihilated
08/04/19 3:29:38 PM
#30:


Austin_Era_II posted...
Annihilated posted...
Austin_Era_II posted...
Annihilated posted...
Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...


Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?


Learn to save your money. Buy a house for like $500,000. Pay off your other debts. That's what these rich people should do. If I was some big named celeb I'd right now keep only $5 million in my bank account to live off of then whatever else income I made I'd give it all away. Sadly many people that obtain wealth don't do this. A rich person making $10 million shouldn't fucking need 10 lambos or something. Buy 2 cars and that's it. Spread the fucking money.


I think this post is the best example of why American people don't want people like you in charge.


I was referring to if someone wanted to be lazy with their money. Otherwise you can still make over $10 million a year and pay high taxes while helping out the economy by owning or starting new businesses. People act as if it's gonna ruin our economy so poor people won't want to work.


It's not that poor people won't want to work, although that is true, it's that rich people won't want to create jobs and businesses. You didn't answer my question. What happens when there are no more rich people?
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ButteryMales
08/04/19 3:31:49 PM
#31:


Annihilated posted...
What happens when there are no more rich people?

That's a stupid question. There will still be rich people.
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Shablagoo
08/04/19 3:32:16 PM
#32:


tRiCkLe DoWn EcOnOmIcS
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Austin_Era_II
08/04/19 3:32:34 PM
#33:


Back in the 70s and 80s when people were done school they'd get a job slowly buy a car and a house then eventually retire. That was the American dream for the average person. Basically middle class. Now the middle class is pretty much fading away.

I think the message that gets mixed is the rich thing socialism would be rich people will work hard to obtain their wealth, but they'll still live int he small shitty house as a person working at McDs. Nobody is saying that. Lets not go extreme...
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Makeveli_lives
08/04/19 3:32:45 PM
#34:


Austin_Era_II posted...
it's on us to change the world when the old way isn't working.

Tupac - Changes
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Annihilated
08/04/19 3:33:52 PM
#35:


ButteryMales posted...
Annihilated posted...
What happens when there are no more rich people?

That's a stupid question. There will still be rich people.


Nope and nope. Stop trying to cop out. You can't just rob someone of 91% of their money and expect them to invest more of it. There would be literally no point.
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Unsugarized_Foo
08/04/19 3:33:56 PM
#36:


The demographic of people that use welfare and socialist programs are also the most vocal against them

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IShall_Run_Amok
08/04/19 3:34:18 PM
#37:


Austin_Era_II posted...
Rebel_Patriot posted...
Austin_Era_II posted...
I mean isn't taxing people making $10 million at 70% or even higher then distributing money to help out the lower class a good thing?



Jesus fucking Christ


What? If I was making $10 million a year I wouldn't care. I'm already rich...

The problem is that the people who *do* care more about getting richer and richer...try to do just that, and often succeed. And their efforts are hurting everyone else.
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MarqueeSeries
08/04/19 3:34:28 PM
#38:


They're uneducated and indoctrinated into being against their own self interests, in simple terms
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Antifar
08/04/19 3:35:29 PM
#39:


_Rinku_ posted...
Turtlebread posted...
because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires

- albert einstein

That quote is typically credited to Steinbeck, no?

At any rate, here's what Einstein said on the issue:

https://monthlyreview.org/2009/05/01/why-socialism/
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Shablagoo
08/04/19 3:37:50 PM
#40:


Annihilated posted...
ButteryMales posted...
Annihilated posted...
What happens when there are no more rich people?

That's a stupid question. There will still be rich people.


Nope and nope. Stop trying to cop out. You can't just rob someone of 91% of their money and expect them to invest more of it. There would be literally no point.


Then why was our economy so good during that era?
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Austin_Era_II
08/04/19 3:37:59 PM
#41:


Unsugarized_Foo posted...
The demographic of people that use welfare and socialist programs are also the most vocal against them


Yeah because most aren't smart enough to realize that socialism done a certain way will work. They think they'd lose out on their welfare check eventually because there would be no more rich folks. First time maybe tax everyone at 90% or something who has like $10 million or more. After that reduce taxes on them while they still earn whatever income.
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Annihilated
08/04/19 3:39:48 PM
#42:


Shablagoo posted...
Annihilated posted...
ButteryMales posted...
Annihilated posted...
What happens when there are no more rich people?

That's a stupid question. There will still be rich people.


Nope and nope. Stop trying to cop out. You can't just rob someone of 91% of their money and expect them to invest more of it. There would be literally no point.


Then why was our economy so good during that era?


Because the rest of the world was focused on rebuilding after WWII while the U.S. came out basically the last man standing. We succeeded in spite of the taxes, not because of them.
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_Rinku_
08/04/19 3:41:26 PM
#43:


Antifar posted...
_Rinku_ posted...
Turtlebread posted...
because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires

- albert einstein

That quote is typically credited to Steinbeck, no?

At any rate, here's what Einstein said on the issue:

https://monthlyreview.org/2009/05/01/why-socialism/

Not sure. I agree with its sentiment either way.
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uwnim
08/04/19 3:41:30 PM
#44:


Annihilated posted...

Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?

Yeah he would. Even if taxes worked the way you think they work, he'd still be making 3m a year (in reality he'd be making more than that due to some of his money being taxed at lower rates). At $3m/year his net pay would be significantly above the gross pay of most Americans. So, clearly, he'd still be rich.
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CommonStar
08/04/19 3:42:41 PM
#45:


Annihilated posted...
ButteryMales posted...
Annihilated posted...
What happens when there are no more rich people?

That's a stupid question. There will still be rich people.


Nope and nope. Stop trying to cop out. You can't just rob someone of 91% of their money and expect them to invest more of it. There would be literally no point.

Businesses aren't taxed on the profits they make if they reinvest it back into the business meaning creating more jobs and production. Most banks don't even insure more than $250k. Most rich people have their captial in assets, stocks, and businesses. Only a very small portion of their wealth is liquid.
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Unsugarized_Foo
08/04/19 3:42:41 PM
#46:


Austin_Era_II posted...
Yeah because most aren't smart enough to realize that socialism done a certain way will work. They think they'd lose out on their welfare check eventually because there would be no more rich folks. First time maybe tax everyone at 90% or something who has like $10 million or more. After that reduce taxes on them while they still earn whatever income.


What if they know something we don't? They're the most involved

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ultimate reaver
08/04/19 3:48:27 PM
#47:


half a century of being told socialism is an evil plague probably doesn't help

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Annihilated
08/04/19 3:50:11 PM
#48:


uwnim posted...
Annihilated posted...

Not after that you wouldn't be. LMAO. So what are you gonna do when there are no more rich people?

Yeah he would. Even if taxes worked the way you think they work, he'd still be making 3m a year (in reality he'd be making more than that due to some of his money being taxed at lower rates). At $3m/year his net pay would be significantly above the gross pay of most Americans. So, clearly, he'd still be rich.


I know exactly how taxes work. And that doesn't even account for other taxes like state income, capital gains, SS, medicare, or other things the so-called rich pay out the ass for. But I do like how you continue to dodge the question that no Marxist in the history of the world has been able to answer. What happens when there are no more rich people???

CommonStar posted...
Businesses aren't taxed on the profits they make if they reinvest it back into the business meaning creating more jobs and production. Most banks don't even insure more than $250k. Most rich people have their captial in assets, stocks, and businesses. Only a very small portion of their wealth is liquid.


If anything you're only explaining why a super high tax rate would be fruitless on the government's end in addition to all the lost jobs and GDP growth.
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uwnim
08/04/19 4:07:24 PM
#49:


Annihilated posted...

I know exactly how taxes work. And that doesn't even account for other taxes like state income, capital gains, SS, medicare, or other things the so-called rich pay out the ass for. But I do like how you continue to dodge the question that no Marxist in the history of the world has been able to answer. What happens when there are no more rich people???

SS tax is only applied on incomes below a certain threshold. If you make enough, it becomes irrelevant, someone making 10M/year pays the same amount as someone making 150k/year. Medicare tax is pretty small and isn't going to crush anyone. Capital gains tax doesn't tax the same income as income tax does.

Anyways, no one can answer that question because it is absurd and shows a lack of understanding on the part of the person asking. For taxes to do that, they'd need to be applied on someone's total assets annually which would mean if you own enough stuff you could find yourself being unable to make enough to cover your tax burden. If you notice, people aren't advocating for massive increases in property taxes, they are asking for increased taxes on income. Taxes on income cannot cause rich people to vanish unless you do something absurd like 120% tax rate. With things like a 70% rate, the more money you earn, the more money you have and as such there wouldn't be any rich people being cruelly drained of all their hard owned wealth.

So, I'll say it again, you don't understand how taxes work.
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MutantJohn
08/04/19 4:14:40 PM
#50:


in addition to all the lost jobs and GDP growth.


Bro, if the rich actually pumped their money into the economy, we wouldn't even be having this conversation.

By definition, the more wealth a person hoards for themselves, the less we all have as a consequence. "Socialism" in this case is more about setting reasonable upper limits of how much one person can own of the total available wealth.

Otherwise, what if 1 person held 99.99% of the wealth? How do you think society would work, bruh?

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