I don't think wealth should be taxed that way.
That's why we have the one-time/last-time wealth tax, the Estate Tax.
Put the money back in play.
We can, thru the use of Income tax however, abate the Billion dollar Bubbles from being accumulated in the first place.
ergo we had 70%-90% top rates for Half a century
http://www.debatepolitics.com/econom...post1059220592 (The Truth about who can afford to pay Taxes)
before Reagan cut it from 70% in 1980 to 28% by 1986.
Last edited by mbig; 10-05-11 at 03:30 PM.
I'm personally sick of not being able to dunk a basketball because of racism.
For the life of me I don't understand why people would want to tax 'wealth'. As if they were completey unaware of the slippery slope. As if the government tends to deliver a great a job, doesn't waste money like no tomorrow.
Before you know it you'll be paying 90% as well, on your wealth, so you can sell your 'assets', like your home.
As for the OP. Yeah, the government can create jobs you'll always have to pay for. In that aspect, you need a lot of jobs before the government can start to 'create' any.
Last edited by VanceMack; 10-06-11 at 12:13 AM.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb