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What you don't understand is that the top 2% have their wealth in assets and they are fine with raising taxes (Warren Buffett etc) because it keeps others from gaining the mobility to become wealthy. The wealthy always enjoy more barriers to competition for resources from the lower classes.
If we truly were serious about taxing people like Warren Buffett we would fix the Carried Interest Tax Loophole.
As it stands this increase screws the people considered wealthy based on Salary and not Assets. People like Surgeons etc.... They take the hit, not the top 2%.
What you don't understand is that the top 2% have their wealth in assets and they are fine with raising taxes (Warren Buffett etc) because it keeps others from gaining the mobility to become wealthy. The wealthy always enjoy more barriers to competition for resources from the lower classes.
If we truly were serious about taxing people like Warren Buffett we would fix the Carried Interest Tax Loophole.
As it stands this increase screws the people considered wealthy based on Salary and not Assets. People like Surgeons etc.... They take the hit, not the top 2%.
Of course Warren Buffet is fine with raising taxes. He takes $100K as his income so he's exempt.
The rest have their money protected in Trust Funds so they are exempt as well.
One day you'll wake up and see that it's YOU that end up paying the tax.
What you don't understand is that the top 2% have their wealth in assets and they are fine with raising taxes (Warren Buffett etc) because it keeps others from gaining the mobility to become wealthy. The wealthy always enjoy more barriers to competition for resources from the lower classes.
If we truly were serious about taxing people like Warren Buffett we would fix the Carried Interest Tax Loophole.
As it stands this increase screws the people considered wealthy based on Salary and not Assets. People like Surgeons etc.... They take the hit, not the top 2%.
Warren Buffett benefits from higher taxes because he can pay them easily while his competition cannot.
Time to tax dividends, capital gains, and hedge fund pay like regular income.
Why do you hate old people? You do know that a lot of retirement income is derived from capital gains, right?
Hey, here's a thought: why don't we CUT SPENDING FIRST?
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