EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Again you and Willie Wittless are deliberately trying to redefine the "rich" as well to do WAGE EARNERS. The truly rich do not work for the common wage!!!! They are Capital Gains Tycoons, not upper middle class wage earners who actually pay nearly all the taxes.
A Capital Gains Tycoon can make a billion dollars on the stock market and not pay a single dime on it. That gain can grow year after year tax free, like an unlimited IRA, until the tycoon decides to realize some of it, but unlike an IRA where he would pay a tax penalty for cashing it before retirement age, the tycoon not only pays no penalty but also pays a lower tax rate than a wage earner. And still the tycoon is not satisfied. Their puppets, the GOP, are trying to eliminate all capital gains taxes!!!
As to Willie Wittless, the top 1% of WEALTH, not wages, have about 20 trillion in total net worth, so if you confiscated all of it as Wittless postulates with wage earners, you could pay off the entire GOP debt and have enough left over for one hell of a big party.
Total bullshit. Futhermore, you're ignoring the fact that the money is invested in plant and equipment, which means it's providing jobs for thousands of people. You would cut off your own nose to spite your face. That's what liberalism is all about, unfortunately - oganized idiocy,
great point, about 62.4% is held as business assets. Steal it all and we'd have instant depression. See why we are positive liberals have a low IQ??
"In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity."-Dommhoff
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