How many millionaires and even billionaires do you actually know, Mike?
Your upside down idea is just that: upside down. It would never work.
Once again a 90% tax on the rich keeps them from their OCD of
accumulating wealth and their narcissistic drive to be YEN (Yet Another
Napoleon). It's not to fund the government. There are not many rich
people who actually produced anything other than more money for
themselves. They are opportunists who often buy small businesses to get
Humans are just not that sophisticated or evolved that they will do good
things if they have the luck to accumulate a lot of wealth. In general
many of the wealthy are not money managers so they turn that over to
companies who manage their wealth for them and they have only one goal
to make as much money as possible for their client. It's like a
horrible machine destroying anything in it's way of making income.
As for the poor. Just where are the jobs? Where are the opportunities.
Seems we do have a federal jobs program: the military. That's not a
good idea at all. Looking around I find many highly educated people
shut out of the job market. The best they can do is to try to come up
with some winning thing in a world where everyone else is trying to do
that. Quite a mess.
So let's add a basic income program too.
On 10/22/2014 09:57 AM, Mike Dixon mdixon.6...@yahoo.com [FairfieldLife]
Sure, I'll take the bate! You knew I would. Why tax multi-millionaires
more, they're already taxed heavily and they are producers in our
economy. I have a novel idea, why not tax poverty for a change? IF
you're a taker, you could start working out your karma by having part
of what you have taken, taken back from you. We should consider taxing
people out of poverty. The more you make , the less(percentage wise)
you would pay in tax to a point. Might motivate some to earn more so
they could pay less and keep more. Of course there can always be
exceptions such as for the elderly and retired, disabled or whatever.
As Maharishi says, "nobody has a right to suffer" and I say "In
America, nobody has a right to live in poverty and if they do, they
should pay for it. *From:* "Bhairitu noozg...@sbcglobal.net
*Sent:* Wednesday, October 22, 2014 9:23 AM
*Subject:* [FairfieldLife] Economists: tax the rich at 90 percent
I'm sure we'll hear from the "taking other people's money" crowd here
but I've thought this would be a good idea for years. Doubt if we have
any multi-millionaire US citizens here so we would all get a tax break.
And the money hoarders would get a deterrent (which was the real reason
for the Eisenhower years tax rate which was not to make the government
Billionairism is a mental illness.