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Originally Posted by twistedmosaic
Taking this out further: Sports arenas and sports broadcast advertsising (superbowl anyone?) are big businesses that ultimately rely on the players to be productive. By that measure, they're underpaid, if anything.
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Yes they are and while I think its insane to pay someone 15 million dollars a year because he can run with a ball around people its not my money, and from a business stand point it makes sense. It doesn't hurt me in the least how much he gets paid.
It really had nothing to do with their value though, its easier to get a good teacher than a good running back, and the teacher doesn't sell t-shirts and season tickets.
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Originally Posted by Rekna
Yes but what is the percent of the income that each of those groups pay compared to the people making $30,000 a year? IE who sees a greater tax burden? What percent of their income after taxes is spent on necessities?
The one big problem with taxing the rich is it is just taxing the masses anyway since the rich will just raise the prices of what their selling and we will all pay for it. Ie the trickle up effect.
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So in other words we should lower the taxes on the rich to help the poor, brilliant!
Reagan approves.