kain_kusanagi said:
Since when does anyone have the right to tell anyone how wealthy they can be? I could not be more against your assurtion that we should limit success. You do know that the rich tend to create a lot of jobs right? But I would be willing to go with a tiered flat tax. 5% for the low income, 10% for the middle and 20% for the high income bracket. But like I said before, if the governement was smaller and didn't regulate our lives and waste so much money it could be less. Maybe just 1%, 5% and 10% for the three brackets. |
You know Wal Mart makes more jobs then it takes away? However it makes meaningless minimum wage jobs.
Most people who are rich, are rich because they aren't generous with their money. They find ways to make products or companies which pay employees minimum wage (or less, a lot of stuff is made in China where minimum wage is less) so that they themselves can keep the money.
Are you talking about income tax? How low is income tax in USA? In Canada it starts at 20% for those who make I believe 20-35k a year and goes up to 41/48% for people who make over 100k (41% for the first 100k, 48% for everything after).
This makes sense, I have a friend who works at a poshe golf course where registration is 50k for the first year and 10k every year after. MOST of these people didn't earn their money, they inherited it. What good is money when it stays in the hands of people who didn't work for it? I understand if you worked hard and made a successful company that you deserve a lot of money, but at the same time the employees you hire to make your stuff deserve more then minimum wage too. Rich people are rich because they sell stuff for a lot more then it costs to make, and make jobs which generate little income. If we didn't heavily tax the rich, the rich would get richer and the poor would get poorer. Simple.
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