oldschoolfool said:
I have to agree with this. I think everybody always want's to blame somebody else for what they dont have. Unless you won the lottery are had a bunch of money handed to you,don't you think those top earner's in America,payed there dues and deserve that money? I think they do. Life in general is'nt fair. If you want something bad enough,you have to work and work hard at what you want,no matter what. I'm not that rich and don't have alot of money,but I can't just get mad and blame all the people that have been successful in the corporate world. If you raise taxes on small businesses and the wealthy,there just going to find some loophole and probably take there business oversea's. I think they tried that in New York and had to repeal that law,because they just keept leaving and there revenue actually went down. I could be mistaken on that,but I think I seen that on the news somewere.
|
Going further than that, the thing to note is that our collection rates - what America actually gets from our GDP - has stayed at the same level for the past 100 years. That was with an 92% tax rate on the top 1%, and a 33% tax rate on the top 1%. There is very little that Obama is going to be able to do by raising taxes.
America has a spending problem, not a revenue problem. When you bring in $2.6 trillion dollars, and spend about $4.2 trillion, you have to radically decrease spending, because there is no way we are going to bridge that $1.6 trillion dollar gap by raising taxes - that is, unless you wanted to destroy all wealth and income in the nation.
