TheCrusader
Member
- Dec 30, 2015
- 682
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- #21
I'll let this billionaire speak for himself against his own class:
Consumers create jobs, not rich people.
Capitalists calling themselves Job Creators is a lie.
The rich earn 100s or thousands of multiples of the income of ordinary Americans, but cannot consume thousands of more times more stuff.
A rich person owns 3 cars, not 3,000. They own several outfits, or several dozen, not 20,000 pairs of pants.
Oh Chaos!
Yes, you can increase taxes and have the government trickle it down with Government trickle down economics but the reality is that will not stop the rich from fleeing the country to countries where they can pay the worker pennies on the dollar and sell the stuff back to you for a massive profit...
Nah, let you believe that the Government taxing everyone will fix the problem. I mean you are the one that believe if someone own a piece of land they should not be able to make a profit off of it, so why even debate you on your thought on taxation...
That's not how it works.
Increasing income tax disincentives the rich from paying themselves more and pressures the income distribution downward, making a broader middle class.
FOR INSTANCE.