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RE: I foolishly assumed you would read my posts
Posted on: October 24, 2016 at 10:08:48 CT
Webbster MU
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I believe the rich, especially the uber rich need to pay more in taxes. Here's why.
Income inequality has grown leaps and bounds since Reagan. CEOs now make 204 times their average employee. Do you think that's right?
It's not just about paying taxes, it's the ability to avoid taxes. When I ran my own company, I made more money and paid less in taxes then I do today.
Trump is an example. Huge losses, and quite possibly didn't pay any or very much in taxes since.
It is a fact that 400 individual have more than half the wealth in the US. This is true. Just ask Daniel Mitchell of the libertarian Cato Institute.
3 reasons why.
1) Debt has grown immensely. The Uber rich have no debt, but many even middle-class family have good incomes but lots of debt. Just look at how many families qualify for FASFA student loans.
2) The 1% rule. You have $10,000 and gain 1% interest, it's really not much money. You have $1,000,000,000 and gain 1%, now we're talking real money.
3) The ability of the uber and very rich to control and profit from Wall Street. Yanking money out, then putting it back in again is simply called profit taking and completely legal.
Income inequality has grown leaps and bounds since Reagan. CEOs now make 204 times their average employee. Do you think that's right?
It's not just about paying taxes, it's the ability to avoid taxes. When I ran my own company, I made more money and paid less in taxes then I do today.
Trump is an example. Huge losses, and quite possibly didn't pay any or very much in taxes since.
It is a fact that 400 individual have more than half the wealth in the US. This is true. Just ask Daniel Mitchell of the libertarian Cato Institute.
3 reasons why.
1) Debt has grown immensely. The Uber rich have no debt, but many even middle-class family have good incomes but lots of debt. Just look at how many families qualify for FASFA student loans.
2) The 1% rule. You have $10,000 and gain 1% interest, it's really not much money. You have $1,000,000,000 and gain 1%, now we're talking real money.
3) The ability of the uber and very rich to control and profit from Wall Street. Yanking money out, then putting it back in again is simply called profit taking and completely legal.
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RE: I foolishly assumed you would read my posts - Webbster MU - 10/24 10:08:48
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