(December 16, 2011 at 4:10 am)Moros Synackaon Wrote: Don't even bother.
As far as Dotard sees it, you get your greedy paws on it, you can do whatever you want with it.
Even if you have accumulated an amount that is economically damaging.
But hey, maybe if you suck enough rich cock, they'll reward you, right?
That's the thing isnt it.
Bill Gates and his $5billion a year is worth far less then say, 1000 people who's salary's total $5billion in a flat tax system and economically he cannot physically spend that kinda cash, where as my 1000 people can and will, a progressive tax system helps to alleviate some of that problem.
Flat tax keeps the money at the top and is a shit idea, the whole point of progressive tax is so the stinking rich pay their fair share back to the society that fed them their cash and then you can lower the taxes of the lowest, giving them higher spending power, so the rich do not lose, the lowest will still buy Gates's stuff but will have more money to spend on it. We have that in the UK, although our conservatives want to lower the highest brackets, but they thankfully, don't dare.
Apple and their $70 billion cash in the bank, it's dead money. As is the money of Gates et al as is just sits in a bank.
If you look at America's amazing boom years in the 50/60's, the country's wealth didn't come from billionaires, it was the middle class and much of the current economic problem stems from the ridiculously low taxes the top earners pay now, if they had higher taxes for the rich they could use the extra revenue to provide jobs. I saw on The Young Turks that for every $1b, that could provide 18000 military jobs (If your Mitt Romney), or up to 27000 jobs in the education system, which given that 60% of Americans think the world is less than 10000 years old would be money well spent.
Oh lastly, the tax cuts bush bought in cost America around $70b a year, easy math to find out the jobs that would create and how much stimulus that would give the economy.
