4 ms·
"we wouldn't have noticed a 3.5% tax increase." ... Yes, you would. I hear the reasons state, and they're bunk. When you're outside the 5% margin at the end
by wccrawford 15y ago
"we wouldn't have noticed a 3.5% tax increase."
... Yes, you would. I hear the reasons state, and they're bunk. When you're outside the 5% margin at the end of the year, are you going to say, "Oh, I screwed up" or "It was that 3.5% tax increase!" I know which you'll pick.
Rich people generally don't get rich by throwing money away. They aren't going to vote for higher taxes because that takes money directly from their pockets.
And if those taxes get passed, they'll find a way around them, like moving to another country, or at least moving their operations there. It's already happening, and we don't need to make it any worse.
I'm not 'defending the rich', I'm defending our country. I don't want to see the 1% leave. It will not be pretty.
I'm not even close to being in the 1%, but I live comfortably. I actually rather resent being included in their 99% statistic. I haven't been tricked into owing a bank more than I earn in a year. I haven't had a problem finding a job because I picked a career (and skillset) with a future. Anyone that doesn't pick a skill and work towards it, then complains that there are no skill-less jobs left... Well, I'm having trouble having sympathy. I worked my ass off to get better at what I do.
- rauljara 15y agoYour assertion that the rich would leave the country is not backed up by historical data. Between 1944 and 1960, the tax rate on the top income bracket was over 90% (it maxed out at 94% in '44). Yet the nation did not lose all it's rich people.
- 13rules 15y agoThe world is quite different today than in 1944-60. A lot easier to operate from a foreign country, yet maintain communication with others in the US and travel easily back and forth. This is a bigger problem on the corporate scale because companies can (and have) move overseas and base their operations in countries where they have huge tax and other advantages.