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I simply have no claim to their wealth, nor will I "beg" for it.
Once the government is allowed to take their wealth, where do they stop?
It's a matter of constitutional authority.
The nerve of the government to tax people, what kind of government taxes their own people. Seriously, name one country besides the US that has the nerve to tax its citizens??!! You can't!
Yes, we want to protect the money of the insanely rich, but NOT for their sake, for the economy's sake. YOu see, as long as they have it, it will be invested to make the economy grow, to make real progress and good things happen.
If you tax it away from the economy and down the black-hole of wastefull government, it is wasted, squandered.
Now you know the rest of the story.
That was disinformation. What a ridiculous fantasy.
I am not required to grovel at the feet of Obama and his minions, yet libs seem to love to grovel before them because they keep promising that they'll tax the rich into oblivion and disperse their riches amongst their supporters, the ultimate bait and switch.
Link to that promise? Or you talking about letting taxes go back to previous levels
It seems that in the US we had 200,000 new millionaires show up last year. I don't know how many of them made all that money because of the Ponzi Scheme you mention, but I bet not many of them did.
Yes, we want to protect the money of the insanely rich, but NOT for their sake, for the economy's sake. YOu see, as long as they have it, it will be invested to make the economy grow, to make real progress and good things happen.
If you tax it away from the economy and down the black-hole of wastefull government, it is wasted, squandered.
Now you know the rest of the story.
I'm glad you cleared that up.... here I thought there had to be some sort of demand from a product or service.
It is amusing to me how you rail against being dependent on the government but have no problem being dependent on rich folks that you have no authority over.
You guys care way too much about protecting the money of the insanely rich.
Isn't it their property?? Someone living in a shanty town would think you are insanely rich (maybe you actually are), but it's all relative. At what point does one's property become subject to confiscation for redistribution?
Quote:
Originally Posted by urbanlife78
The nerve of the government to tax people, what kind of government taxes their own people. Seriously, name one country besides the US that has the nerve to tax its citizens??!! You can't!
There's a difference between taxation and the taking of one's property to pass out to others. Note that the French court ruled excesss taxation as unfair:
In a stinging rebuke to one of Socialist Hollande’s flagship campaign promises, the constitutional council ruled Saturday that the way the highly contentious tax was designed was unconstitutional. It was intended to hit incomes over €1 million ($1.32 million).
How is taxing a select segment of our citizens different?
Just don't make any laws and see what happens to the billionaires. No sugar cartel, no ADM and Cargill subsidies, no government contracts , and no patent protection and most of all, no deeds or title to the ground giving exclusive right to use the space. No absentee ownership. Laws make the billionaires. No need to outlaw them at all. Just remove the laws that make them billionaires.
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