You Take Their Money and the Wealthy Will Flee

Discussion in 'Economy' started by longknife, Nov 28, 2012.

  1. longknife
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    longknife Diamond Member

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    Robbie Cooper @ Urban Grounds blog sends a Drudge Report item that should put the next four years in perspective.

    We call this "Going Galt." A phrase Liberals should become very familiar with over the next 4 years as the economy completes its collapse and the true job producers in this country pack it in and disappear.

    Read the full blog @ SHOCKER: Millionaires Flee the Country When More of Their Wealth is Confiscated Than They Are Allowed to Keep » UrbanGrounds
     
  2. there4eyeM
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    there4eyeM unlicensed metaphysician

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    Why would they leave the country with the best government money can buy?
     
  3. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    According to Warren Buffet, if you tax the investment class they will double down on their job producing, productive investments.
     
  4. del
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    del BANNED

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    if we have their money, why do we need them?
     
  5. Truthseeker420
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    Truthseeker420 Gold Member

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    So Exxon will quit selling oil in America if they have to pay taxes? If they are not paying taxes who cares if they flee? The rich are not going to get more of a free ride in another country.
     
    Last edited: Nov 28, 2012
  6. Dot Com
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    Dot Com Nullius in verba

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    Randian references? Oh neat...
     
  7. eflatminor
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    eflatminor Classical Liberal

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    Just as importantly, we see yet more verification that the Laffer Curve is right. Raising tax rates often results in LESS revenue. From the article:

     
  8. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    how can they double down when the liberals have stolen the money with which they would double down??

    If you take half a venture capitalists money he can fund half the new ventures. Make sense??
     
  9. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    "how can they double down when the liberals have stolen the money with which they would double down??"

    Well that explains the over 30 years of flat wages and the fact that the working class's share of the National Income is at record lows,,,their stealing from the wealthy! :lol:
     
  10. RosieS
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    RosieS Partisan Courtesan

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    Let 'em move to Greece and live off bailouts like the rest of those leeches.

    Regards from Rosie
     

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