Followed by 4
Ignored by 5
In United States
Registered May 09, 2012
mell's most recent comments:
- On Wed, 25 Mar 2015, 4:30pm PDT
Why should anyone obey the law?,
Dubya prosecuted more bankstas than Obummer. Obummer instead talks shit about everybody paying their fair share and then taxes the upper middle-class. Bring back the Bush tax cuts now.
- On Tue, 24 Mar 2015, 10:42am PDT
To Answer Iwog's Idiocy,
Yes I understand you're a liar. You can't be an Austrian without lying about nearly everything.
But you can't be Paul Krugman without single-handedly driving Japan and the US into the abyss (of debt).
- On Mon, 23 Mar 2015, 11:25am PDT
Stephen King: "I'm rich. Tax me.",
However, they also have most of the income, and more importantly, the vast majority of the wealth. The remaining 90% have very little wealth or income but pay a disproportionate share of taxes relative to that.
They definitely do not pay disproportionately because many don't pay income tax and or even get money back net due to negative effective tax rates (transfers). I agree that there's a huge wealth imbalance, but what's happening is that the larger bottom of the top quintile is pushed back into the "middle-class" or lower middle-class while the uber wealthy become wealthier. This will create less and less taxable income. You can only fix that by leaving people in the upper middle-class and upper class enough money to not fall back down the social ladder while temporarily levying the uber-wealthy (only as long as necessary) and increase the buying power by reducing wealth disparity through natural corrections and crisis (as happened in 2008 before the stick-save of the uber-wealthy) - which btw. will also cause great redistribution of land and property owned via natural means, and stop debasing the currency while inflating asset bubbles; and remove all special crony deductions (mortgage etc.)to level the playing field for a simple and uniform tax structure for everybody.
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