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

[Machiavellian]

SpokenTruth said:

Snoopy said:

The problem is if you tax the rich too much they would just leave which means we get nothing. A lot of companies move their company to Canada and other countries. 

Taxing the rich to death means they will leave and you'll miss them when they're gone. Besides, Government wastes a lot of money they could easily cut back on certain things.

Those that believe they will repatriate money because we cut taxes are foolish.  As are those that think they will push any tax savings onto their employees versus their shareholders.

As for taxing them to death?  Do you not realize that the rich and corporations now pay far less than they did during the 1930s-1980s?  And when was our greatest growth periods?  When the top tax rate was over near 90%.  Further, the loop holes that allow a multibillion company to pay $0 taxes are still on the books. 

And yes, we could cut back on spending.  Quite a bit, actually.  But that's damn hard to do when you have a president that is pushing for a $50 billion wall plus another $50 billion for the military. 

I believe people forgot about Mitt Romeny.  When Mitt Romeny showed his tax returns we all found out that he paid less in taxes then his own maid.  It's crazy how people actually believe the Rich pay taxes the same has the average person on the street.

The crazy part is that we want to spend another 50 billion on a wall and 50 billion on the military when we could put that money and try to improve education level of the country and thus get people to work, creating new jobs, industries and pushing the country forward.

Last edited by Machiavellian - on 31 October 2017