Quote:
Originally Posted by Mathgod
Sigh. Was hoping this would get an honest conversation going, but so far all that's been offered is a bunch of trickle down economics, bootstraps kind of stuff. Am I really the only one on CP who sees a serious problem with the wealthy tip toeing around the tax laws like this, especially during a time when governments are running record deficits?
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What is it you were hoping for exactly? For everyone to say "yeah, tax the rich, dammit!"?
What do you think should be done?
Do you know what happens if you increase tax rates on the ultra wealthy? They don't pay more taxes, they take their money and move to a more favorable tax environment.
IMO, it is better to have them stay, and spend money and hire people in their businesses here, than to have them leave and take their money with them.