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Super Tax The Super Rich. An Idea Whose Time Has Come. Again.


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2012 Mar 1, 1:09pm   29,384 views  76 comments

by marquismark   ➕follow (0)   💰tip   ignore  

http://johnsroom.wordpress.com/2012/01/21/super-tax-the-super-rich-an-idea-whose-time-has-come-again/

Super-tax the super-rich: an idea whose time has come. Again.
Posted on January 21, 2012

Warren Buffett, one of the wealthiest men in the world, is famous for saying that his tax rate (17.7%) is lower than his secretary’s (30%).* Mr. Buffett makes a valid point. Right now, multi-multi-millionaires in the USA are paying their lowest tax rates since the Great Depression. Fiscal conservatives insist that lower taxes spur job growth and stimulate the economy. They are only partly right. As I will show here, lowering taxes can improve the economy, but only if you lower taxes on the middle class. Not the very rich.
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73   Honest Abe   2012 Mar 22, 9:12am  

Bob, my vision is stated in my book: "Is Government the Problem?" but I won't publish it. I don't want to be on the government kill list, but I probably am already.

All of my suggestions get trashed because they are based on freedom, liberty, sound money and the constitution. All the things necessary for a healthy society.

Government is like fire, a necessary evil. If you don't contrtol it, it will destroy you.

74   thomas.wong1986   2012 Mar 23, 2:16pm  

Milton Friedman: Why soaking the rich won't work.

http://www.youtube.com/embed/Wi-D24oCa10&feature=related

75   Honest Abe   2012 Mar 24, 12:04am  

Patrick, If I get LESS when the 1%'rs make MORE, do I get MORE when they make LESS?

I'm going to buy stock in those companies who financially rape and pillage America, then I'll have the right to complaign how much the CEO makes. My stock profit wouldbe directly related to expenses (salaries), right?

Otherwise its none of my business (I'm not a lib, and as such I don't have a busy-body, entitlement mentality).

76   Vicente   2012 Mar 24, 1:26am  

Honest Abe says

If I get LESS when the 1%'rs make MORE, do I get MORE when they make LESS?

Historically speaking, yes you do.

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