Ah, the poor little rich minorities. We've simply got to protect them from everything. They "create jobs" or something, after all.
Though, that's actually wrong, too. 98% of small business tax filers earn less than US$250,000 a year, yet account for 64% of the job creation (or "net new jobs") in the last 15 years and employ over half of the working US population [1].
I'm sorry, but the rich are not bothering with a <$250k a year business if they're already rich, unless they're serial entrepreneur, hyper-multitaskers juggling multitudes of them at once. And, aside from Elon Musk, how many do you know that are willing to do that?
This whole mess is the placation of the rich because they'll "move" if we don't give them everything. The question is, what country would they move to? I mean, I'm sure Singapore is nice and all; but it's hot as hell there, and don't they have Universal Healthcare with government-mandated price controls, which is supposedly every rich man's nightmare according to Fox News?
Russia is nice, too, I suppose. If and only if you're former politburo or an officer, or just a jackbooted mafioso thug (or willing to take any or all of those on without Uncle Sam backing you up).
Hong Kong is part of a communist country that only recently has conveniently added capitalism to their repertoire. If that doesn't work out for them, how soon would they "nationalize" all of that island and it's hard-won successes contained therein?
Of course, others have noted Somalia, Mexico, and various developing countries. Take your pick.
"If you want to set the income tax at 95% of all money made over a million bucks? Have at it. It's not important."
If it's not important, why all the falsities about "taking everything from the rich" and stopping all defense spending and it not mattering? It would matter a shitload, no offense. DoD + discretionary spending (which the military swallows almost all of) is almost 40% of the entire budget.
What's left is Medicare and SS, which in 2000 was well-funded and flush with +2 Trillion in the kitty. The tax breaks of 2001 and 2003 and the wars of roughly the same time erased nearly all that and left IOUs. Now, you're blaming those programs for our downfall.
So, yeah, you're right, it's not about taxes, it's about those "poor people" who "do not even pay an income tax".
Though, that's actually wrong, too. 98% of small business tax filers earn less than US$250,000 a year, yet account for 64% of the job creation (or "net new jobs") in the last 15 years and employ over half of the working US population [1].
I'm sorry, but the rich are not bothering with a <$250k a year business if they're already rich, unless they're serial entrepreneur, hyper-multitaskers juggling multitudes of them at once. And, aside from Elon Musk, how many do you know that are willing to do that?
This whole mess is the placation of the rich because they'll "move" if we don't give them everything. The question is, what country would they move to? I mean, I'm sure Singapore is nice and all; but it's hot as hell there, and don't they have Universal Healthcare with government-mandated price controls, which is supposedly every rich man's nightmare according to Fox News?
Russia is nice, too, I suppose. If and only if you're former politburo or an officer, or just a jackbooted mafioso thug (or willing to take any or all of those on without Uncle Sam backing you up).
Hong Kong is part of a communist country that only recently has conveniently added capitalism to their repertoire. If that doesn't work out for them, how soon would they "nationalize" all of that island and it's hard-won successes contained therein?
Of course, others have noted Somalia, Mexico, and various developing countries. Take your pick.
"If you want to set the income tax at 95% of all money made over a million bucks? Have at it. It's not important."
If it's not important, why all the falsities about "taking everything from the rich" and stopping all defense spending and it not mattering? It would matter a shitload, no offense. DoD + discretionary spending (which the military swallows almost all of) is almost 40% of the entire budget.
What's left is Medicare and SS, which in 2000 was well-funded and flush with +2 Trillion in the kitty. The tax breaks of 2001 and 2003 and the wars of roughly the same time erased nearly all that and left IOUs. Now, you're blaming those programs for our downfall.
So, yeah, you're right, it's not about taxes, it's about those "poor people" who "do not even pay an income tax".
[1] http://www.sba.gov/advocacy/7495/8420