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Serious question for those who think that stealing from the poor and giving to the rich is a good idea. Because someday the rich will be so grateful that they will start showering all that money back down on the masses, even though that never ever happens. We have been giving tax breaks to the rich for the last close to 40 years. We have finally gotten to the point where 82% of the wealth is in the hands of 1%. How long should we stay on this road, before we start rethinking the policy? Until 99% of the wealth is in the hands of 1%? Until 99.99% of the wealth is in the hands of 1%? Until everything is in the hands of the 1% and the 99% are starving to death? What point could we say that this has gone on long enough?
Isn't it interesting that every time we have a recession, they respond with tax breaks for the poor and middle class, to stimulate the economy. But then when the recession is over they go back to stealing from the poor and giving to the rich again.
With our 2008 recession huge amounts of new money were created. The rich fed well off that. This was not a tax break for the poor.
With Trump, taxes for the rich were lowered. These are not moneys taken from the poor. These are less moneys taken from the rich.
Because solar credits are minimal, Cutting taxes on all the rich only makes them richer and puts the tax burden on everyone else.
Solar taxes are a slight reduction in taxes for the ones with the means. Not the poor, but also not necessarily the very rich. I cannot find any link of solar credits taken vs wealth. My guess would be that a far greater number of middle and upper middle class take the credit than the very rich. It does makes all of them a bit richer.
But as we take a bit less tax from these folks, we don't necessarily as a result add on more tax to everyone else.
So you think if a tree grows, and a man points to it and tells a man with a saw to cut it down, and he sells the timber, and gives 20% to the logger, it is the man who pointed to the tree who created the wealth.
The man who pointed recognized the VALUE of the tree and took advantage of that knowledge.
I am still kicking myself for not rolling 100% of my 401k money into Amazon stock years ago. I would have tripled my portfolio.
The man who pointed recognized the VALUE of the tree and took advantage of that knowledge.
I am still kicking myself for not rolling 100% of my 401k money into Amazon stock years ago. I would have tripled my portfolio.
Don't kick yourself, you didn't have a crystal ball, who knew an online bookseller would go on to be the richest man in the world? You could have lost it all if things didn't work as they did.
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