Trump's tax proposal: raise taxes on the poor, give to the rich

[LurkerJ]

sethnintendo said:

LurkerJ said:

You sound like someone who's butthurt rich people have a lot of money. For the life of me, I'll never understand the rationalizing behind what you are proposing, which is basically stealing. It also encourges rich people to stop reaching new heights, which would ultimately hurt the poor and the middle class.

The rich hire others to INCREASE their wealth, if they realize that increasing their wealth will ultimately decrease it, they will stop hiring. Even if that was not the case, taking money from people who earned it legally isn't moral, it's theft. It doesn't matter if the majority voted to steal that money, it's still theft.

Oh, and like the guy you quoted, I obviously don't have 5 millions in my bank account.

"In 2004 under President George W. Bush, Washington let corporations temporarily bring money from offshore profits at a flat rate of around 5.25%. But a few years later, Bush's own chief economic advisors said there was no evidence that jobs were created as a result."

https://www.forbes.com/sites/kenrapoza/2011/09/12/bringing-overseas-corporate-profits-back-to-us-not-necessarily-a-job-booster/

 

Guess what??  They bought back shares instead of bringing jobs.

This is not the type of tax I am discusing with him though. I am talking about taxing the rich after they've died, which is total BS.