Get Ready for a 70% Marginal Tax Rate

Exactly, make the ruling elite less attractive to the scam artists.

ONE TERM only (in a row). If they want to sit out a term and run again, that's OK, but at least they would not be running for reelection WHILE they are on our payroll. it's a start

jmc wrote:

Wily Fox aka Angela wrote: I think the real Tea Party folks (regular folks) are being used by those with influence and money to get the country that they want - a nice place for the really rich. THey are being used. I wish they would wake up and call BS on the Koch Brothers

Useful nitwits , as they are known by the elites.

The "really rich" people will have a nice place for themselves regardless of whether the government is a socialist redistributive utopia or a pure evil capitalist one. The "really rich" people already have more money than they could spend in a lifetime. They don't need to make new money, they can live off of their old money just fine. The people who need them to make new money are the regular folks. They need the really rich ones to invest their money in new businesses so they have jobs, in more efficient production capabilities so that the new job can pay a decent wage, in new equipment so that the job becomes safer and less demanding. The millionaires and billionaires whose money you wish to confiscate more of can simply stop making new money and avoid being taxed at those ridiculous new rates if they choose to.

They can shutter plants instead of have them operate at a profit and send more of the money to the wannabe national government. Every time taxes are raised to provide additional revenue, the amount of new revenue never meets the projected amount. Why is that? Increasing taxes leads to tax avoidance behavior, that's why. New taxes on luxury yachts resulted in a decrease in the number of yachts sold, thus fewer yachts to tax than projected and less revenue than projected. Increased tobacco taxes led to less smoking. Increased fuel prices leads to less driving. That which you want less of you tax more. The more expensive something is, the less likely it is that people will purchase it. How about movie attendance? Think that is up or down as the cost of a ticket has gone from $5 to $15? Oh sure, the dollars reaped has increased, but how about the participation in the commerce? How many people are waiting until it hits NetFlicks instead of going to the movie theater and seeing it on the big screen? Think more employment is necessary to staff movie theaters or fill NetFlicks orders?

PrintSmith wrote:

jmc wrote:

Wily Fox aka Angela wrote: I think the real Tea Party folks (regular folks) are being used by those with influence and money to get the country that they want - a nice place for the really rich. THey are being used. I wish they would wake up and call BS on the Koch Brothers

Useful nitwits , as they are known by the elites.

The "really rich" people will have a nice place for themselves regardless of whether the government is a socialist redistributive utopia or a pure evil capitalist one. The "really rich" people already have more money than they could spend in a lifetime. They don't need to make new money, they can live off of their old money just fine. The people who need them to make new money are the regular folks. They need the really rich ones to invest their money in new businesses so they have jobs, in more efficient production capabilities so that the new job can pay a decent wage, in new equipment so that the job becomes safer and less demanding. The millionaires and billionaires whose money you wish to confiscate more of can simply stop making new money and avoid being taxed at those ridiculous new rates if they choose to.

They can shutter plants instead of have them operate at a profit and send more of the money to the wannabe national government. Every time taxes are raised to provide additional revenue, the amount of new revenue never meets the projected amount. Why is that? Increasing taxes leads to tax avoidance behavior, that's why. New taxes on luxury yachts resulted in a decrease in the number of yachts sold, thus fewer yachts to tax than projected and less revenue than projected. Increased tobacco taxes led to less smoking. Increased fuel prices leads to less driving. That which you want less of you tax more. The more expensive something is, the less likely it is that people will purchase it. How about movie attendance? Think that is up or down as the cost of a ticket has gone from $5 to $15? Oh sure, the dollars reaped has increased, but how about the participation in the commerce? How many people are waiting until it hits NetFlicks instead of going to the movie theater and seeing it on the big screen? Think more employment is necessary to staff movie theaters or fill NetFlicks orders?

You make it sound like you are scared to piss them off...

Not at all scared to piss them off, but if the return on their investment becomes negative, they will find some other place to invest, or just keep their $$.

Edited to add: Those who know me are well aware that I'm not afraid to piss anyone off! I am an equal opportunity hassler! lol

:rofl

Yep!

Are any of you rich? (NO not $$ wise)
They think, act and do alot differently than everyone here.
They have a ton of advisors that feed them info so they can suck a little off of them, like a remora.
You have NO idea how they function, and a new tax or a new reg will not effect them at all.
I keep telling you they can/will find a new deduction, loophole, other to withstand any counter % to your profit. (lawyers are good at reading law)
I listen to them and try to do what they do and We have profited, become non binding to a mortgage, and write offs are very easy to do.
Get a grip you cannot and willnot make the top earners pay more it is you that are not intelligent enough to realize this. the Middle class and the lower income people have always and will always suffer the new tax laws.
The LJ's and archers here have NO idea what and how to invest or get away with not paying tax on income which in it's self cannot be decifered by the tax code.
It is not illegal to have off shore accounts that are non taxable. It is not illegal to have off shore businesses that pay no tax.
This will not change ever. The FED reserve wants it this way and that will not change as most of the FED reserve which is neither FED or a reserve is also involved in these accounts.
I am sorry for you that keep on beating a dead horse but truth is hard to take and none of you get it.