I’m actually not opposed to this.
These are the people who are turning our country into North Mexico.
Let them pay for it.
One problem is that the “patriots” will hire very patriotic tax attorneys to hide their assets off shore.
To all you youngsters out there deciding on a career choice guaranteed to give you a good living for a lifetime—tax attorney has to considered—their services are critical and the clients pay big bucks.
I’m actually not opposed to this.
These are the people who are turning our country into North Mexico.
Let them pay for it.
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You think it would stop with people who have $10M in assets? Review the history of the Federal Income Tax.
“I’m actually not opposed to this.
These are the people who are turning our country into North Mexico.”
I’m not an economist, but I did stay in a Holiday Inn Express. Study after study has proven that the lower the tax rate, the more tax money is collected. Why is this? Let’s view it as the speed of money...that’s actually something economists study. Let’s say that there’s a total of 100 hundred dollars in a particular economy. AS people buy and sell that money moves around the economy, and, it moves efficiently. People buy things they need, therefore stimulating other people to grow or build more of those things. If everyone buys something say, once a month, in our hypothetical economy, then the 100 dollars moves around slowly...meaning the economy is moving relatively slowly. But if everyone buys something every day, it’s as if the economy has more money in it and the speed of that money is comparatively fast. Now, introduce a ten percent tax. So, ten dollars is removed from the economy. This slows down the speed of money in both of the above examples. But, you say, the government will spend the ten dollars. Yes, but they will spend it on things like high speed rail...which does nothing for the economy. Or, they’ll use it to pay someone in the economy not to produce anything, which further slows the economy.. And, government does this type of thing every day.
The economy that is freeist, and has the lowest tax (those things are related) grows the fastest. A fast growing economy floats all boats. The slower the economy, the more people in poverty. Taxes are bad...and, since the government can blink any amount of money into existence that it wants, why do we still have taxes? Because the government wants control what you do with your money. You can’t spend your money as efficiently as they can...they believe. Also, if you have extra money you’ll do something stupid with it, like donate it to Donald Trump.
So if you don’t like people’s politics it’s OK to steal from them?
PS All people w/50M assets are not Leftists. Donald Trump...his family..My Pillow guy..and many others.
Let that camel get his nose in the tent and everyone will be targeted based on their possessions, house, family owned business every year.
America should end income tax entirely, disband the IRS and substitute a VAT on articles above a $ amount that are not necessities. Stop handing out refunds to folks that don’t pay in.