We will lose 3 to 5% of the middle class annually, all joining The ranks of the poor and there will be a increase of the street people population that will double every decade, This is the promise to our country from the right.
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I'm sure you have all the facts to support your theory.
I wonder what will happen when funding is pulled for the old, the sick and the needy and cutting taxes massively only on the wealthy, at a time that in the last 35 years no one except the very rich have gained any of the massive increase in wealth in this country. So you tell me, If I'm right and what I just said is true, which it is, what do you think will happen. You people will suffer like the rest of us. You deserve it, I don't.
Here's the problem. Every country that has tried to do the opposite, has a disaster. When France tried to jack up taxes on the rich, they started leaving the country en mass. When Venezuela tried to jack up taxes on the rich, they left the country en mass. When Cuba did, they left.
Equally when countries lower taxes, the rich show up. Brazil lowered taxes, and had an economic boom that lasted a decade. When Ireland lowered taxes, millions of jobs were created, and companies moved there.
The rich are always going to get richer. That will never change until the end of time. Why? Because the rich are rich, because they invest their money wisely. They create jobs, and invest in growth, and so on.
The poor, are poor, because they consume their wealth. You show me someone who invests, and I'll show you a rich person. My parents are a perfect example. They are millionaires. I would roughly guess between the 3 properties they own, the lake house, and their primary home, plus their investments, stocks, 401K plus their value items (antiques, boat, and such), they likely have a networth over $1.5 Million.
Want to guess what they did for a living? School teacher.
They didn't consume their wealth. They invested. They didn't buy new cars all the time, and pay interest on loans. They saved and bought used cars for cash. They put money into retirement every month. They saved up and bought property.
That's why they are rich.
You doubt that?
Janitor secretly amassed an $8 million fortune, left most of it to library and hospital
This guy was a janitor. He retired with $8 Million.
This is why rich people will always get richer, while the poor stay poor.
And listen if you ever elect someone who actually puts in place high taxes and a system where the rich are not able to become richer..... they will STILL become richer.
When Che Guevara gained control of Cuba, he brought in some of the big business leaders, the top 1% of Cuba, and said we now control your companies, and we'd like you to work for us, but at our wages.
Did the top 1% of Cuba accept that, and start living as the poor? Nope. They simply left Cuba, and created businesses and jobs, and wealth in the US, or elsewhere in latin America.
Just like when France introduced a wealth tax, the wealthy just packed up and left France by the hundreds of thousands. Which is why they repealed the wealth tax. It was destroying their economy.
Now, you can justify your socialism, and justify all your government spending, and scream until the end of time that other people should pay for everything you want. There is a country that did that for the last 20 years. Greece.
You want to go to Greece, knock yourself out. But the rest of us are going to oppose you destroying our country. What good is free-health care, when all the hospitals are closed, and the ones that are open, can't help you?
Venezuela in a health care crisis - CNN.com