Winning

[Chico23231]

Originally Posted by mooby

Are you implying lower and middle class America would pick up the tab on a marginal tax rate of 70% over 10 million dollars?

Also, the 1% is already hiding their taxable income in tax shelters, how much more do you think they'd have to give that they haven't given already?

And finally, thanks for sticking up for the rich Chico, who knows what they'd do if they didn't have you to defend them.

I'm not saying a marginal tax rate is the solution to all of our problems. I am saying it would go a long way in helping fund the government which keeps borrowing against my social security that I won't be able to depend on in 30 years when I retire.

Im implying if massive legislation was passed which ended major economic systems such as healthcare, higher education, etc with the promise the rich/wealth tax revenue will cover the cost along with cost cutting savings measure of the move...if we move these under a socialist style government control entity (which lets be honest, this is the end game)...when the numbers don't add up, which they don't...the brunt of the financial pain will be brought down on the middle class. AOC and K Harris are selling you fantasy land, unicorns, etc. If you want an honest liberal view...see what Bloomberg and Schultz have said about it.

You want to hit the wealthy...ill have to look again, but I think its capital gains and treatment of other income (investment maybe, to treat as regular income)...looking at larger thresholds with a more substantial tax once they are met.

The shelters, contract deferments, folks leaving...the super wealthy will avoid the taxes your referring too.