-Caveat Lector-
nurev wrote:
YIKES!!! The best way to do that is with a progressive
income tax up to 100% when anyone approaches that limit.
No tax shelters. No foolin'.
100% tax on income over $2,000,000 per year. If you can't
live on that, take a second job in another country.
MJ:
Why should one discriminate against another based upon income?
[could be another hate crime :)]
OK ...
--That which is Seen--
I earn $24 million per year.
--That which is NOT Seen--
I employ 1000 workers directly.
I contract with 20 subcontractors (other businesses) of whom 10
rely solely upon my business.
--Results--
A. My operation is closed 11 months of the year causing
unemployment rather than wealth creation.
B. I employ my spouse, children, parents, brothers, ... whom ALL
give me a kickback -- placing my earnings BACK to its original
level.
C. I pay myself $2 million/year ... placing the remainder within
the business which I liquidate later, pay my 20% capital gains
and leave 1000 individuals out of work and 10 businesses
destitute.
D. I close my doors and live in 'poverty' (as calculated by the US
Government) creating NO wealth.
Regard$,
--MJ
The first lesson of economics is scarcity: There is never
enough of anything to satisfy all those who want it.
The first lesson of politics is to disregard the first
lesson of economics. -- Thomas Sowell
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