- Joined
- May 22, 2012
- Messages
- 104,332
- Reaction score
- 67,396
- Location
- Uhland, Texas
- Gender
- Male
- Political Leaning
- Libertarian
if you read the babble posted by those who constantly whine that its "unfair" to tax the investment income of the wealthy less than that of their earned income you will quickly find that economic rationality or an understanding of investment is foreign to these people. rather they are oozing envy that others have the means to invest and they want the government to take more money from those more industrious than they are
their leader set the stage when he admitted he would still want to jack up investment tax rates even if it resulted in less tax revenue because it would be "FAIR"
fair would be all the parasites paying the same rates as the rich do
The first rule for a successful parasite is do not kill or debilitate the host; taking a little bit over the long haul works better than tyring to take a lot in a hurry. The rich did not get to be rich because they were stupid. They will simply shift investments to avoid the heavier taxation. Many times in the past we had super high marginal tax rates on the rich, but found that 80% of little or nothing is not as nearly as good as 35% of something fairly big and steadily growing. The rich have no great need to increase their wealth, in the short run, simply to maintain it. This is why all of the wise economists caution against raising taxes in tough economic times, as it tends to make them even tougher.