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Huh ?.... Uh maybe you didn't understand the post... It's alright.
I don't but when I tell a liberal that I think physically able people should be working, not collecting welfare I'm usually asked why it is that I "hate" poor people!
I noticed that you didn't answer my point that wealthy people won't remain in the US if your policies were ever implemented. Great Britain tried to levy high taxes against their wealthy and it led to a flight of capital and ambitious people out of the country. The same thing that happened when New Jersey tried to do the same thing.You are unable to comprehend what you read. Prohibiting people from being billionaires doesn't imply murdering anyone. The billionaires of today with their 300 billion dollars in assets should be required by the US government to take that money and reinvest it into their companies or/and charities. One person with that much power is dangerous for a democracy or any society.
I noticed that you didn't answer my point that wealthy people won't remain in the US if your policies were ever implemented. Great Britain tried to levy high taxes against their wealthy and it led to a flight of capital and ambitious people out of the country. The same thing that happened when New Jersey tried to do the same thing.
Again, you're not paying attention. Are these billionaires Americans? If they are, it doesn't matter if they leave, they still have to pay taxes and follow the rules. It should be prohibited by the US government to allow wealthy Americans to hide their money in foreign banks and assets. Everything has to be reported.I noticed that you didn't answer my point that wealthy people won't remain in the US if your policies were ever implemented. Great Britain tried to levy high taxes against their wealthy and it led to a flight of capital and ambitious people out of the country. The same thing that happened when New Jersey tried to do the same thing.
Malarkey.Because none of us here are budget experts. Yours is the dodge.
Your posts are starting to border on the farcical, Christian! California is "extremely prosperous"? Is that what you call a State that is looking at an 86 billion dollar deficit? I'm sorry but California is FAR from prosperous at the moment! They are in deep shit. What do you think is going to happen when the cost of giving illegals Medicare hits California's budget?Depositing or moving assets abroad into tax havens should be prohibited for any American citizen. If one of these billionaires or millionaires with hundreds of millions of dollars decides to move out of the country they still wouldn't be able to do whatever they want overseas financially. When I lived overseas I still had to pay my taxes to Uncle Sam. The only way to release myself from that obligation is by relinquishing my American citizenship and getting another one.
No one can say with a straight face that the success of a state's economy relies on whether it has a state income tax or higher taxes for the rich. California is an example of a state that imposes quite high taxes on everyone, especially the rich and famous, and yet it's still an extremely prosperous state. Texas is the opposite of that when it comes to taxes and yet it's also a quite prosperous state. It's not all about tax rates.
What fun would that be? I'm retired, and I look forward to a chuckle from you.Even better, just place me on ignore. Click "ignore".
Malarkey.
Then how can you claim you know that to know that the rich should pay more?
And they got their money from the Defense money farm?Defense (under Ike)
Oh, so you're going to "prohibit" moving assets abroad for any American citizen? Let me explain to you what would happen if you ever WERE pushing such a piece of legislation through Congress! It would literally start a stampede of the ultra wealthy moving their assets out of the US BEFORE that law was in the books! If you want to absolutely cripple the US economy? What you're proposing is EXACTLY what you should do!Depositing or moving assets abroad into tax havens should be prohibited for any American citizen. If one of these billionaires or millionaires with hundreds of millions of dollars decides to move out of the country they still wouldn't be able to do whatever they want overseas financially. When I lived overseas I still had to pay my taxes to Uncle Sam. The only way to release myself from that obligation is by relinquishing my American citizenship and getting another one.
No one can say with a straight face that the success of a state's economy relies on whether it has a state income tax or higher taxes for the rich. California is an example of a state that imposes quite high taxes on everyone, especially the rich and famous, and yet it's still an extremely prosperous state. Texas is the opposite of that when it comes to taxes and yet it's also a quite prosperous state. It's not all about tax rates.
I'm pretty sure the first two words of my post answered that question?OK but that doesn't answer my question does it?
I'm pretty sure the first two words of my post answered that question?
Then it seems logical that EVERYONE should pay something so that EVERYONE is concerned about the debt and not simply those who are paying.Because we are $34 trillion in debt.
Then it seems logical that EVERYONE should pay something so that EVERYONE is concerned about the debt and not simply those who are paying.
You can't seem to grasp the concept of what a law like that would result in, Christian! People with large amounts of wealth are very good at one thing...maintaining capital. They aren't going to allow you to come take it from them. I'm sorry but they're not! As soon as it looks like something like that would pass? The ultra wealthy will be consulting their tax advisors and lawyers and immediately getting as much of their wealth as they can OUT of the country! You're naive to a fault to think you're going to be smarter at this than they are! I'm sorry, but you live in fantasy land!Again, you're not paying attention. Are these billionaires Americans? If they are, it doesn't matter if they leave, they still have to pay taxes and follow the rules. It should be prohibited by the US government to allow wealthy Americans to hide their money in foreign banks and assets. Everything has to be reported.
You can't seem to grasp the concept of what a law like that would result in, Christian! People with large amounts of wealth are very good at one thing...maintaining capital. They aren't going to allow you to come take it from them. I'm sorry but they're not! As soon as it looks like something like that would pass? The ultra wealthy will be consulting their tax advisors and lawyers and immediately getting as much of their wealth as they can OUT of the country! You're naive to a fault to think you're going to be smarter at this than they are! I'm sorry, but you live in fantasy land!
A very small number. Most have also went back.
www.npr.org
If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs?
Senator Elizabeth Warren proposes a new kind of U.S. tax policy: a wealth tax. But the policy faces serious hurdles, including lessons from a failed experiment in Europe and a constitutional challenge
Malarkey.
Then how can you claim you know that to know that the rich should pay more? Surely, you have a figure in mind. Otherwise, how do you know the rich are not paying too much? Why should not everyone contribute to the running of our country?
