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This is what college students are learning. She didn't just make this up. She's being taught this. The Democrat Party and the liberals who are permanently ensconced in our institutions of higher "learning" are the biggest promoters of this nonsense.
Myth: Most of the nations wealth is owned by 1% of the population, and they are hoarding it
. Truth: Wealth is created. There is no wealth "pie" that is finite. Wealthy people do not "hoard" their money; they invest it, which allows others to grow a business and create more wealth, no only for the investors, but for other people, and they create jobs and opportunity for people like this young lady to begin growing their own wealth. It's a long process, and it takes hard work and drive, but that is how wealth is created.
If I were this child's parents, I would pull her out of school so fast it would make her head spin, and tell her to get a job and work. Her formal education is done. The best place to learn about how the world works is not through "higher 'education'" but through life experience. These college kids are 'know nothings.' They have learned nothing but the rhetoric of the Left. "America is bad. The system is rigged (Elizabeth Warren). Rich people are greedy," etc., etc. But who's really greedy? They are those who think somebody else should pay for them.
I propose taxing all income, including all retained corporate earnings as corporations are now treated as legal citizens, from all sources, wage, inheritance, interest, dividends and even illegal (why should dope manufacturers, smugglers and distributers get away without paying taxes) income with a single deduction set at the 90th percentile of all income.
This would allow the majority of us to go about our business and not worry about taxes until we were already well off. This would also place the burden of paying for the cost of government on the very people and organizations that benefit most from the protection of civil law and, supposedly, our military presence in other countries protection their investments.
Note: I use percentile as it varies with inflation instead of being a fixed amount or percent.
Corporations are not treated as "legal citizens." There is no such thing as an "illegal citizen."
College graduates don't create businesses and jobs?
Sure they do.... once they reach a certain amount of financial success.
But you want to take is all away from them and give it to numskulls like this girl.
Sure they do.... once they reach a certain amount of financial success.
Seems to me that Bill Gates put quite a few to work before he really became a financial success. No?
Maybe not the best example as he dropped out but the point remains.....many businesses are started long before the minds behind them become financially successful.
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But you want to take is all away from them and give it to numskulls like this girl.
It's so sad that folks like yourself refuse to see the big picture because of something like this contrived interview.
Um, you realize that only the amount above 1M would be taxed at 90%, right?
I guess people don't remember these exact same tax rates when we had the largest Middle Class in the history of the World and probably the fastest growing economy.
1) have they been scaled for inflation?
2) The reason we really had a booming economy and large middle class at the time was that everyone else had been bombed to bits and our industries were going gangbusters rebuilding it. To try to tie the post war boomtimes as some sort of off-shoot of taxation policy is ludicrous.
Seems to me that Bill Gates put quite a few to work before he really became a financial success. No?
Maybe not the best example as he dropped out but the point remains.....many businesses are started long before the minds behind them become financially successful.
It's so sad that folks like yourself refuse to see the big picture because of something like this contrived interview.
Contrived?
Cavuto asked a simple question and she couldn't answer it.
There is no big picture. This dingbat wants something for nothing.
No you didn't. You nattered on about TARP when the thread was about a dingbat.
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