Libby von H
Platinum Member
- Nov 10, 2023
- 2,830
- 1,370
- 893
Since esp under Pelosi there is no connection legally between money spent and money raised (ie taxes) it is likely that if taxes were expanded the average American you hop;e to help would be WORSE off.no, I always call it the luxury tax
I think Trump mentioned the possibility of this, but I may be mistaken
For 3 reasons
spending hugely outstrips income already, give them wider base and things are worse. If overpending is a % of what is raised then more raised is a worse problem. So most economists peg the national debt/GDP at about 60% , it is now almost 120%
the rich can and will flee ...happened in France
More than 12,000 millionaires left France in 2016, according to research group New World Wealth. In total, they say the country experienced a net outflow of more than 60,000 millionaires between 2000 and 2016. When these people left, France lost not only the revenue generated from the wealth tax, but all the others too, including income tax and VAT.
How did they get rich? And who facilitated it?
Ask yourself why the Feds and some state govts offered millions for Amazon to locate to their area. One of the richest companies in history.
Well, on the one hand , you don't know your tax-law makers well
Of the 534 current members of the House and Senate, 268 had an average net worth of $1 million or more in 2012 – up from 257 members in 2011. The median net worth for members of the House and Senate was $1,008,767.
Want to stop the rich eating everybody, STOP Biden from spending your children's future. He's a monster