Posted on 12/10/2017 8:43:34 AM PST by rey
EDITOR: George Wills Thursday column (GOP tax wager is worth the gamble) proves that a smart guy cant justify the tax reform bill even if he discounts persuasive evidence and cites the promises of Donald Trump.
Money is hard to understand, and being ridiculously rich obviously doesnt improve understanding.
If someone makes $100 million in one year and the government takes 90 percent in taxes, they still have enough to live well for at least one lifetime and probably enough for many successive generations. But they are frightened about losing the other $90 million even though some of their compatriots are homeless.
The trouble is, as Jesse Unruh said, that money is the mothers milk of politics. In a democracy that is almost like saying money is the same as votes. The Citizens United decision has magnified this effect to the point that the outrageously rich are a serious problem for the rest of the community.
STEPHEN HAWKES
Healdsburg
One could have stopped reading at Press Democrat.
L
The Citizens United decision has magnified this effect to the point that the outrageously rich are a serious problem for the rest of the community.
So what are you going to do about it, Stevie? Go ahead, take the next logical step in your thinking.
L
As I read this, the author assumes $100M in income and a 90% tax rate. This yields $90M for the government that year with $10M remaining to the earner. The author then makes a statement about the earner being frightened about losing the other $90 million he wants to keep. But the earner has only $10M left.
The author has made at least an $80M error in his calculations here. Perhaps it is because on his overpowering sense of jealousy and envy that he cannot do simple math.
Or “Outrageous Wealth” - that right there...
You can just imagine the lip curled in righteous indignation.
So, the Rich are nothing but Slaves? Got it.
Why work hard if the Government can lay claim to 90% of your Labor? Just become one of the Government Dependents who lives off the money the Government steals for you (and your Vote).
Incentive is for fools to a wannabe Commie.
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