Quote:
Originally Posted by FirebirdCamaro1220
There is a huge difference between "punishing" millionaires and requiring them to pay a higher percentage of taxes than the working class; it's only right wing partisans that see it your way; like Eric Cantor when he talked about "punishing success", which was tripe
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Nothing happens in isolation.
Millionaires are typically born into privilege that the rest of us will never experience no matter how clever and hard-working we might happen to be.
A wealthy family's way of life, passed down from parent to child, will be protected by working class kids serving in the infantry of the US Army or Marine Corps, or perhaps the navy, while their privileged kids are highly unlikely to serve at all.
Family connections and social networks, also passed from parent to child, are untaxed assets the wealthy enjoy and probably are more valuable than all others combined.
In contrast, a young person born into poverty, or even the lower middle-class, might have an opportunity to succeed, at least on paper, but in reality, if he or she fails in any way, the second, third and fourth chances the wealthy family's child gets, just won't be there.
When it all settles out, the wealthy are both protected and enriched by those born into less fortunate circumstances due to no accomplishment of their own or fault of those that benefit them.
Lacking a better mechanism to level the playing field, taxation at a higher rate is at least a step in the right direction that should be combined with other measures to preserve economic mobility.
I would prefer that the death tax be increased for the wealthy.
No reason anyone in America should be born on third base.
Education should be improved for the poor at all levels.
School vouchers are the only practical way to do that.
Reducing business regulation is a step in the right direction too since dominant businesses will use regulation to stifle competition.
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My State pension and my personal investment portfolio (457b and 401A) are funded with big corporations. I want smart CEO's to run those Corps. I don't give a rip how much they make.....
