LET's FACE IT - YOU CAN'T TAX THE RICH

Self - Vanity | 4/11/12 | self

[zencycler]

We can and do tax “the rich” all the time. The top few percent pay the majority of the taxes
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Of course they do ... but if you trace the effect of those taxes through the economy, you find that those who control prices, wages, and have the means to decide whether or where to operate a business can ultimately shift this burden onto us. I'm not saying that's wrong - capitalism has proved to be the best economic system - just that it's the reality.

[mo]

It’s basically slaveholder mentality. When the rate of return becomes undesirably low....of course all you need to do is beat them harder.

[Age of Reason]

Simple solution.

Raise the tax on capital investment of a million dollars and up, to make the profit from starting a business more competitive with owning treasuries.

[Age of Reason]

If we had a tax system based on consumption

Don't forget to put a sales tax on stocks, gold, treasuries, and all forms of capital investment, too.

If a poor mother has to pay tax when she buys shoes for her kids, why shouldn't some zillionaire pay sales tax when he buys stocks or bonds?