posted on Feb, 3 2016 @ 12:09 AM
I'm a big proponent of taxing the rich. Like "50% for everything over $1 million" tax. From WWII till Raygun, taxes on the rich were over 60%. Know
what we got for that? The moon. Literally. The gov had enough money to go to the moon. We also had wages that went up for the middle class. Company
pensions. A debt to gdp ratio that decreased. Since Raygun cut taxes on the rich we have none of that. Wages stagnant. Fend for yourself retirement.
Ever increasing debt (Raygan up 186%, Bush the 2nd up 100%, Obama up 80%).
"But if you tax the rich their fair share, they will leave!"
Here's how I know. They could leave now! When you have enough money to spend over a million dollars a year for the rest of your life, and still have
money left over, you really don't care about taxes. Taxes annoy you, but don't really effect you (unless you cheat on them). Paying your taxes out
your check won't mean the difference between keeping the lights on and your belly full, like it will for over 50% of Americans. For example, at $8 an
hour and 40 hrs you make $320 a week. After ss and medicare you take home $267.80, or a little over $1000 a month. Now pay rent, food, electric and
see how much you have?
("Get an education so you can get a better job!" How? You work all the time to keep the lights on, and one semester for one class in Florida is
$337, plus $100 for the book. Even if it was free via Pell grant, you still wouldnt be able to do more than 3 classes if you want to pass with a high
grade and work all the time. A typical A.A. is 67 credits and a typical class is 3 credits, so thats 22 classes. At 3 classes a semester, or 9 hrs,
thats almost 4 yrs to get a 2 year degree, which gets you nothing in this job market.)
Sorry for the digression. I felt like Stephen King for a moment.
Wanna know another way I know the rich won't leave if taxes are high? Sean Hannity. He's worth over $80 million. He's 54. He says he pays over 63%
in taxes a year; cause he works in New York and lives in the 2nd highest home tax county in the country. He still works. Twice a day. He could spend
$2 million dollars a year, and still have money left over when he dies. So why work? Why pay the taxes? Because he wants too! Not only that, but even
at 63% he takes home the yearly wage of more than 20 median American families.
The rich work because they want to work. Not like the rest of us that work because we have too. I don't know a single person that would work if they
had $50 million. They would open a store or bar and hire a good manager to oversee it, showing up to work just to get out the house and have something
to fret over.
The rich work, regardless of the tax rate. We should exploit that, just like they exploit us, by paying us low wages, and raise their taxes to pay for
the stuff we, the poor, need like medical care and public transportation.
Now for you "going Galt" people (yes, I've read "Atlas Shrugged") show me one rich person that gave up and left due to taxes to live off their