Posted on 07/14/2009 1:01:41 PM PDT by curth
Got it in one, Brother.
Maybe they'll next go after anyone with a net worth of $1 million.
They asked for it, let them pay it.
They won’t actually pay it of course. They’ll just adjust pricing and compensation accordingly.
It’s still a message to them, though.
This wonderful congress, doing the will of the people, should declare an emergency, confiscate all wealth, and re-distribute it as they see fit.
It’s only fair, dontcha know?
/S/
IMHO
Very possible. I’ll expect the media to mess up that story’s headline also.
As others post above, the net gain to the Treasury will be negative.
The useful fools in the Congress cling religiously to the false notion that raising taxes equates to greater revenue (even though so many of them have had such astounding memory lapses when it comes to reporting their own income.)
From their perspective, it's important to settle a score with those greedy "millionaires", even if it costs a million jobs of the "millionaires'" soon-to-be-former employees.
.
The real horror will begin when they are no longer satisfied with an income tax, and want a “wealth tax”. So even if you earn nothing, but have a million dollars, they can keep taxing and taxing and taxing it.
Back in the great depression, there was a 100% tax on anyone who made 25k or more. And they wonder why no private person would invest any money.
One thing I would love to see is taxing actors at 100% over 100k and see what they say.
Too late, already been done, although with a higher level of income.
Then VP Al Gore famously stated that anyone making $250,000 a year were millionaires because after only four years they'd have a million dollars.
Spread that wealth, baby.
is a slogan popularized by Karl Marx in his 1875 Critique of the Gotha Program.[1] The phrase summarizes the principles that, under a communist system, every person should contribute to society to the best of his ability and consume from society in proportion to his needs, regardless of how much he has contributed. In the Marxist view, such an arrangement will be made possible by the abundance of goods and services that a developed communist society will produce; the idea is that there will be enough to satisfy everyone’s needs.”
The above is a quote from Wikipedia.....
It perfectly describes this proposal, along with others.
http://en.wikipedia.org/wiki/From_each_according_to_his_ability,_to_each_according_to_his_need
well this certainly won’t encourage investment or hiring anytime soon
I’m sitting heare fetting a good feeling out of just imaging Bill
I’m sitting here getting a good feeling out of just imaginging Bill Gates paying for a therapeutic pedicure on my aching feet.
gates paying for a the
Why do we even bother with the entire equal protection under the law crap anymore?
This entire administration and 99.9% of our elected officials should be in prison.
This will hit a lot of movie stars and liberals. I wonder how they will react?
From what I hear he wouldn’t mind. He gives money away, and his dad was pushing for the Estate tax because (as he said) the wealthy should pay more, etc, etc.
“Let me guess, they will define millionaires as anyone making over $100k per year.”
It worked for Clinton.
This won’t effect most people, so in the country today no one will care. The whole idea of right or wrong is irrelevant.
I’m sure alot of these millionaires are dems. Ha, you get what you vote for.
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