I don't think I have read on DP where anybody really believes that the rich are evil...but certainly a portion of the rich are crooks. Some of them are already in prison, others are awaiting trial.
Entrepenuers who create entire industries are to be applauded, they create many jobs along the way, and increase our productivity.
They should be rich, they deserve it, but the crooks on Wall Street do not deserve to be rich. They deserve to be imprisoned.
They are destroying the economy for personal gain.
When extreme liberals go to prison, it is for some whacked out idealism that is the opposite of extreme conservative whacked out idealism, but I think it is safe to say that imprisoned liberals have done far less harm to the economy.
Oracle of Utah
Truth rings hollow in empty heads.
They're untouchable by taxes at this point because their fortunes have already been made through political deals through Wall Street. They seem to most resent the entrepreneurial route to wealth.
I agree with you mostly in terms of economic growth, but disagree in terms of tax revenue, at least as it stands.
This is an interesting paper if you get time, on laffer curve economics, which can be found here
Should we have tax rates at the maximum point of the laffer curve? No, you have to take economic growth into account.
Also, I take it you were throwing it at someone else, but I have no particular passion for the "liberal ideology", in case you haven't figured that one out yet
I don't see how taking more money from the rich is going to make a difference with regard to the deficit or debt as history shows it won't make a difference and even if it does it is a drop in the bucket amounting to 70 billion or so in revenue which cuts the 1.3 trillion deficit to 1.23 trillion. Wow!
What that does do however is set a dangerous precedence and that should concern everyone. I wonder how many people here think their income and keeping more of it is an expense to the govt?
As I have stated many times we don't have a revenue problem, we have a spending problem. Much of what the Federal Govt. is spending on duplicates state and local expenses thus is wasted, It really is time to get back to the basic principles upon which this country was built, small, limited central govt. and personal responsibilities.