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Originally posted by dolphinfan
reply to post by TheRemedial
You would get far more tax revenue were you to lower the tax rates and create a flat tax and then eliminate loopholes across the board. A lot more.
Originally posted by VictorVonDoom
I don't see how you would implement such an idea. Suppose you set a limit of say, $1 million annual income. What happens when you make $1.5 mil?
Gallery: The Richest People On The Planet This year's list broke records in size (1,210 billionaires) and total net worth ($4.5 trillion). China doubled its number of 10-figure fortunes, and Moscow now has more billionaires than any other city. Mexico's Carlos Slim widened his lead at No. 1
Apple Now Has More Cash Than The U.S. Government Read more: www.businessinsider.com...
How badly could the US economy could have used almost $1 trillion in spending and investment last year? Blame abounds for the previously-dead-but-only-slowly-reviving economy: profligate Wall Street, a confused Federal Reserve, strapped consumers, and of course the clueless White House. How about US corporations and their leaders? They oversee a cash “hoard” (to use the term from Alan Reynolds recent Wall Street Journal op-ed “The Myth of Corporate Cash Hoarding”) that dwarfs the infrastructure and tax cut plans bandied about last year, and handily exceeds the 2009 stimulus package.
Originally posted by DaveNorris
reply to post by mobiusmale
its not a cop out, my grandad work hard all of his life and died while getting a basic pension and living in a council house. my dad works hard and always has, same story, in a coucil house earning minimum wage. i worked hard in school, got good grades but did not have the money to furhter my education, i work hard going from warehouse job to warehouse job earning minimum wage. to start a business you need money to back it, even to get a loan you need to prove you can pay it back (which you cant when you earn minimum wage)
and im not blaming migrant workers for the lack of jobs, im blaming the government for creating a system were companies get rewarded for employing migrant workers.
sad truth is i was born working class and unless i win the lottery i will die working class
I am thinking you need to move it or lose it.