Tax the Rich
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My grandfather paid a 90% marginal tax rate on his income, and he amassed plenty of wealth in the process," she said at a news conference on Tuesday
Yeah, and he deducted sales tax, ALL his real estate tax, utility tax, etc.
"Our bill will help narrow the wealth gap and raise much needed revenue for investment in the benefits that help working families
How much will it raise?
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Not enough.
Remember years ago when they had the idea to tax luxury yachts? Raised a pittance and destroyed the U.S. yacht building business, putting all those working class guys out of a job. Was a boon to small shipyards elsewhere, particularly in Italy.
Money is like water. It will flow in the path of least resistance.
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Not enough.
Remember years ago when they had the idea to tax luxury yachts? Raised a pittance and destroyed the U.S. yacht building business, putting all those working class guys out of a job. Was a boon to small shipyards elsewhere, particularly in Italy.
Money is like water. It will flow in the path of least resistance.
@Jolly said in Tax the Rich:
Money is like water. It will flow in the path of least resistance.
Still, we practice hydraulic engineering and build dams, canals, channels, levees, aqueducts, sewers, irrigation systems, etc. to direct the water to where we want it. Ditto money with tax, fiscal, monetary, and economic policies.
