Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,440
Yes the old far left drone "Tax the rich more, that will solve all our problems"..
No it will not, America has a spending problem, not a revenue problem..
Taxing the rich 90% will not solve much of anything, it may run the federal government for about 18 more hours..
After that where do you go?
They taxing Wall street is the next step, Wall street is already taxed via Capital Gains tax. Even if that was raised to 90% we may get another 20 hours of running the government..
Now that you have taxed everyone and everything the far left wants taxed where do you go to make up the rest of the money?
Far left math is not good for anything!
Taxing the rich 90% would solve ALOT of problems.
Only if you think the problem is we have too many rich people in the US.
Right, tax them at 90% Then state, county and city or town taxes take the rest. Yeah, that will make me want to create wealth and jobs.
Why don't we just buy an airplane so we can fly all the wealthy people out of the country right now? After all, taxing them at 90% will produce the exact same results.
No one actually paid a 90% rate..
I've explained that over and over again.
By the way, when it was 90%? None of them left.
Where were they going to go?
Businesses up and move on a heartbeat today. Unlike years ago when travel was dangerous and moving businesses overseas was not profitable, people had no choice but to put up with taxation.
Because we outpaced ourselves in wages, people in other countries work for far less money. Businesses can operate using our internet and computer systems. Companies no longer have to fly VIP's across the country or world to have meetings. They have meetings over the internet on one of our dozens of services--some even for free.
So for me to move my widget business is a no brainer if the government here is going to take all my money anyway. What do I have to lose? I have everything to gain by leaving the US.
YOU DO REALIZE IF YOU WANT TO DO BUSINESS IN THE US, REGARDLESS OF WHERE YOU ARE H/Q, YOU WOULD OWE US TAXES RIGHT?
Reasonable taxes yes, unreasonable, no.
The US has the second highest corporate tax rate in the world. Granted not all pay that tax, but still many do.
So it all depends on where your industry falls when it comes to taxation. Some do better here while others don't.