C’mon, like Biden says, do your part — pitch in — help out! Scalp the achievers so their greed can be used for the benefit of the loafers... er, I mean, those less fortunate. Spread that wealth. Whatsa matta wich you, you noah unnerstand?
Well, I wonder how many millionaires will suddenly have two or three children making $999,999 a year. There’s a hundred ways to skin a cat(and all of them are fun).
These idiots just assume the “filthy rich” are going to simply absorb this hit and not pass it on to the economy in terms of increased unemployment, higher prices and further stagnation.
Oh great, a “progressive” surtax. Let’s review history for a minute. The high marginal tax rates of the 50’s led to businesses attracting talent by offering nontaxable benefits, like health insurance. Which removed smart shopper/free market link between the customer and the provider, which led to the out of control costs of medical care we enjoy today. The joy of unintended consequences. Government plans to solve this problem by raising marginal tax rates, to generate revenue to pay for costs that are too high because the marginal rates were too high. AAHHHHHHHHH! What distortions will this new round of taxes cause?
Let them be the first to pitch in, eh? Let’s see how much tax will be imposed on these tax evading critters. And they will have to participate in the same system. The same groups of doctors and waiting lines. Guaranteed non- perks for them. Then let’s see how it fairs.
And how long before they decide they aren’t getting enough, and have to “correct” the level from $350K to $300K, then to $200K, then to $50k?
Just like that the Democrats can squeeze an extra $54,000.00 out of each person.
got to love it....surtax the tax....massachusettes does (or did) that...when i lived there in the 80’s we paid a 7% surtax on the state income tax we paid....wooohooo...
Drudge headlines
House bill to hit millionaires with 5.4% surtax...
‘Sweeping healthcare plan’...
and
Obama Open to Partisan Vote... ok, why would he want this?
To drag Republicans down with him?
Don’t they have power to just do it?