posted on Dec, 7 2011 @ 09:11 PM
reply to post by jjf3rd77
My bad. I was trying to say (while possibly failing) that the trickledown thing is a myth but the taxing will work if applied. I shall not rant. Let
me try it again.
Mr Big earns say 10 million a year, or a 100 million. Now, apart from buying a house, a car and possibly some groceries, Mr Big will be using some
kind of financial tax/portfolio management companies to keep his money locked up in legal, non taxable things. If money keeps getting invested and
rolled over, much tax can be avoided while still leaving some comfortable pocket change.
I, and many others here I would guess, are not in a position to be able to take advantage of tax laws, tax havens or other tricks the rich use such as
offshore bank accounts and the like. So every penny we earn is taxed.
A little statistic I read. People with average or below average income actually end up donating more money to charities than a rich person when you
compare the amount donated to the amount that person has. But I digress.
Bill Gates is giving all his hard-earned (cough cough* money away and yet...he still is the richest man on the planet and his foundation still has the
50 billion dollars it started with. This is the point I was trying to make while possibly failing.
To summarise, point 1, the rich already have tax breaks and I don't see them spending their money to anyone's benefit except their own and possibly
the local Lamborghini dealership. Point 2, every tax break ends up going to the rich and corporations (who are owned by rich people) anyway and not
the people. I think there is enough evidence that the government and the rich are one and the same and are not to be trusted, whether it is to redress
the issue, create jobs or do anything that benefits the general population. Hope it is clearer now. Just my 2 cents.
ETA To show what I mean, here is a graphic from this thread about taxes
and that is
just the corporations.
edit on 7/12/11 by LightSpeedDriver because: ETA