We have reach a point were collecting taxes is equated to stealing. If the government cannot collect taxes then how will it be able to defend us?
Raising taxes on the poor and the middle whose spending keeps the economy from collapsing wouldn't be smart. They are the real job creators. Taxing people who neither spend or invest their money makes more sense.
Hear hear. Rich and greedy bastids keep the dough in a drawer and only pull it out to count it like the plantation owner in Gone With the Wind.
The rich invest some money, save some, and speculate with most of it. Buying stock is only an investment to a small degree since IPO stocks are only a small portion. Some of the savings is ok since it goes to Treasury Bonds and corporate bonds. The money that goes into speculation is were most of the problem happens. By driving up the prices of commodities they drive demand down. By driven up the price of stocks and other financial instruments they cause boom and bust. Its okay to have some rich. It is really back when 1% have 90% of the wealth and 70% of the income. The economy fails, America becomes a third world country and Mexico invades, takes over and kick out the gringos. There are consequences for being greedy and stupid.
Since you have it all figured out I suggest that you invest whatever you can .. with your insight to how money makers perform their magic .. how can you miss out?
Just funnin' .. it takes money to make a lot of money that is for sure - one reason why the rich get richer .. because they have money to invest - would you be able to invest more if you had a few extra dollars in your pocket? Shppt most people live paycheck to pay check .. month to month 25% of Americans Couldnt Afford a US$2,000 Car Repair Bill
A good portion of the dollar is eaten up by the hidden taxes or devaluation of the dollar from loose federal spending and putting more money into circulation and thereby devaluing the money that was already in circulation .. that 5 dollar bill you had 10 years ago does not have the same purchasing power as it does today.
The rich get richer because they control the system. For instance hedge fund manager pay an income tax rate of 15% because the congressmen they control were nice enough to write the tax code that way.
steamed
These millionaires obstruct the path of righteousness.