Tax the Rich? Tax the Millionaires!

[HereWeGoAgain]

Like you, the one who envies public teachers who make good money with good benefits, you're a ******* hypocrite.

With MY tax dollars !!!!!!!
Big difference !!!

Your tax dollars also played a big role in the multi-trillion dollar bailout of Wall Street. Which enabled the stock market to recover from its March 2009 lows. Which is the biggest reason 600,000 new millionaires were minted in 2010.

Teachers are productive.
Wall Street investment banks are parasites.
Bigger difference!

Didnt like the bailouts myself.But to say wall street doesnt make a crap load of money for americans is pure BS. I know it's made my retirement possible.

 

[boedicca]

Republican leaders are genius at getting middle income folks to support the wealthiest.
FDR called them the "economic royalists".

Speech before the 1936 Democratic National Convention

*Class Warfare* Discounted...and ignored. Non-Starter.

In what universe?

In the US in 2010 600,000 new millionaire households were created at the same time 5,000,000 Americans were added to the food stamp rolls.

There's an obvious connection between the two groups for anyone not blinded by conservative ideology. The rising stock market explains many of the new millionaires. When corporations cut costs to boost profits the market rises and those who earn their wealth primarily from the stock market prosper.

Those in the middle class whose hours or jobs are eliminated in order to increase profits don't prosper, they resort to food stamps as their household real estate plunges in value.

"While the primary source of wealth for the top 1 percent is stocks and this sector continues to improve thanks to bailouts and the Federal Reserve pumping easy money into investment banks, millions of other Americans are being kicked out of their homes that are losing value.

"Americans have lost $6.3 trillion in household real estate wealth.

"If your primary asset for your net worth is collapsing is it any wonder why the majority of the population does not feel this as any sort of economic recovery even though the stock market is now up over 100 percent in a relatively short timeframe?"

If this isn't class war, what is it?

I've already swatted this nonsensical post in another thread.

Your source mixes up INCOME and NET WORTH - and shows that only 78K people in the U.S. make more than $1M per year. If you take away all of their income, we would still have an enormous debt - and the added "benefit" of destroying the incentive of the people who actually create jobs.

 

[Mr. Shaman]

....as the foul stench of envy and covetousness wafts about the room....

.....The (actual) coveteurs get

BUSTED!!!!!!

​

March 25, 2011​

"The 2012 presidential primary season is already upon us and the Grand Old Party is, not surprisingly, engaged in a grand old opportunity to rewrite history about the causes and consequences of the Great Recession. So it’s time, once again, to set the record straight.

The Great Recession was so great not just because of very sharp unemployment increases but also due to an unprecedented decline in wealth—as the Federal Reserve detailed in a report released this week. That wealth destruction is key to understanding the Great Recession since massive house price drops led to a foreclosure crisis that then fueled massive layoffs. Much of the unprecedented wealth destruction in 2007 and 2008 can be traced back to failed economic policies under President George W. Bush, when opportunities to put the economy and the labor market on the right track were ignored." (....Much like the failure to prevent 9/11.)

The Consequences of Conservatism​

 

[percysunshine]

Most of the rich people in the US are trust fund baby liberals anyway. I've got no problem with taking their money away from them and giving it to crack addicts.

 

[georgephillip]

Yep, punish success. Increase the size and scope of government with nary an idea in sight to get spending under control.

Love these recycled old, demonstrably failed policies.

Ah, yes.....demonstrably failed......

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

1993 Deficit Reduction​

*

Would you agree?

"Obama seems to be campaigning for his own defeat!

"Thanks largely to the $13 trillion Wall Street bailout – while keeping the debt overhead in place for America’s 'bottom 98 per cent' – this happy 2 per cent of the population now receives an estimated three quarters (~75 per cent) of the returns to wealth (interest, dividends, rent and capital gains).

"This is nearly double what it received a generation ago.

"The rest of the population is being squeezed, and foreclosures are rising."

 

[georgephillip]

With MY tax dollars !!!!!!!
Big difference !!!

Your tax dollars also played a big role in the multi-trillion dollar bailout of Wall Street. Which enabled the stock market to recover from its March 2009 lows. Which is the biggest reason 600,000 new millionaires were minted in 2010.

Teachers are productive.
Wall Street investment banks are parasites.
Bigger difference!

Didnt like the bailouts myself.But to say wall street doesnt make a crap load of money for americans is pure BS. I know it's made my retirement possible.

Was your retirement made possible by taxpayer bailouts?

No one I know would dispute Wall Street's ability to make money. There are some serious disagreements over how the money is distributed:

"The number of millionaire households jumped to 8.4 million in 2010 increasing by 600,000 last year. Now to contrast this rise in millionaires in 2010 we added 5,000,000 Americans to the national food stamp program. The income inequality gap is only getting more pronounced here.

"A rising sea is not lifting all ships because many of the reasons for wealth building (i.e., corporations cutting costs to boost profits) directly impacts the working and middle class who own very little in stock.

"Yet the stock market going up over 100 percent from the March 2009 lows has helped the top 1 percent that control 42 percent of all financial wealth."

Wall Street can take away your retirement just as easily as it created it. And it might just do that if Americans don't stop "choosing" between Democrat OR Republican when they vote.

 

[georgephillip]

*Class Warfare* Discounted...and ignored. Non-Starter.

In what universe?

In the US in 2010 600,000 new millionaire households were created at the same time 5,000,000 Americans were added to the food stamp rolls.

There's an obvious connection between the two groups for anyone not blinded by conservative ideology. The rising stock market explains many of the new millionaires. When corporations cut costs to boost profits the market rises and those who earn their wealth primarily from the stock market prosper.

Those in the middle class whose hours or jobs are eliminated in order to increase profits don't prosper, they resort to food stamps as their household real estate plunges in value.

"While the primary source of wealth for the top 1 percent is stocks and this sector continues to improve thanks to bailouts and the Federal Reserve pumping easy money into investment banks, millions of other Americans are being kicked out of their homes that are losing value.

"Americans have lost $6.3 trillion in household real estate wealth.

"If your primary asset for your net worth is collapsing is it any wonder why the majority of the population does not feel this as any sort of economic recovery even though the stock market is now up over 100 percent in a relatively short timeframe?"

If this isn't class war, what is it?

I've already swatted this nonsensical post in another thread.

Your source mixes up INCOME and NET WORTH - and shows that only 78K people in the U.S. make more than $1M per year. If you take away all of their income, we would still have an enormous debt - and the added "benefit" of destroying the incentive of the people who actually create jobs.

There's nothing nonsensical about Americans losing $6.3 trillion worth of household wealth over the last three years due to short-term graft generated by Wall Street investment banks "with products like CDOs, CDSs, and the entire mortgage backed securities industry."

"When the entire casino went bust, Wall Street received their government welfare handout while the public is now confronted with higher taxes, less public goods, and is now being asked to live with austerity to pay for their graft.

"We don’t want to stop that millionaire train while more and more Americans depend on food assistance..."

The financial scam of the century

You're the only one conflating INCOME and NET WORTH, apparently because you have no answer to the question why do more and more Americans continue to be added to the food stamp program while the ranks of US millionaires continues to swell?

Where's the shared sacrifice?

 

[georgephillip]

Yep, punish success. Increase the size and scope of government with nary an idea in sight to get spending under control.

Love these recycled old, demonstrably failed policies.

Ah, yes.....demonstrably failed......

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

1993 Deficit Reduction​

*

Who cant laugh their balls off when far left nutballs post up graphs of the debt that ends in 2008!!! I cant even begin to think of an analogy to illustrate the absurdity..........and frankly, who the fcukk can figure the point trying to be made. What? That its acceptable to trade in the SUCK for the SUCKIER just because some percieve the intentions to be better?? Only mental cases think that way.

What people on the left dont realize and what was clearly demonstrated in November of 2010 is that MOST people are not willing to jump into the cesspool just because their shoes got a bit of poop on them. They will always choose getting poop on their shoes as compared to being totally covered in poop. This is exactly the dynamic you saw in November. A majority said, "FCUKK THIS CESSPOOL.......IM CLIMBING OUT WHILE I STILL CAN". Thats the political reality s0ns..............far left public policy got the kick in the balls because its never been something the people wanted. Realizing they got bamboozled by this flim-flam man, they punted...............or more succinctly, they climbed out of the cesspool. The far lefties on this board can try to distract with total horseshit all they want, but politically speaking, they are like relics of a former era at the present time. None of their shit has worked for the betterment of the country and that is the prevailing view. America is and has always been a center-right country. Its not even debatable.

Remember assholes...........this forum is not an "Ideology" forum, its a politics forum, thus, the philosophy crap is akin to a group exercise in navel contemplation.

And thats my role on this forum..........to bring the conversation back to real....................


Accordingly, we evidently need to point this out to the far left jarheads...................



Its now 2011 s0ns!!!!!

Exactly.

It's 2011 and 40 percent of House newcomers are millionaires.
60 percent of incoming Senators fall into the same cesspool.
And these are the new champions of "The People."

Financial reports show the rookies "holding extensive personal investments in...Wall Street banks, oil giants and drug makers."

"Their wealth and financial ties might help explain the rush by the new Republican House majority to coddle these very same corporate powers.

"From gutting EPA's anti-pollution restrictions on Big Oil to undoing the restraints on Wall Street greed, they're pushing for a return to the same laissez-fairyland ideology of the past 20 years that got our country in massive messes."

It's not center-left or center-right to recognize corporate whores when you see them.

It's ideological blindness not to.

Jim Hightower | Rich Get Richer With New Congress

 

[boedicca]

In what universe?

In the US in 2010 600,000 new millionaire households were created at the same time 5,000,000 Americans were added to the food stamp rolls.

There's an obvious connection between the two groups for anyone not blinded by conservative ideology. The rising stock market explains many of the new millionaires. When corporations cut costs to boost profits the market rises and those who earn their wealth primarily from the stock market prosper.

Those in the middle class whose hours or jobs are eliminated in order to increase profits don't prosper, they resort to food stamps as their household real estate plunges in value.

"While the primary source of wealth for the top 1 percent is stocks and this sector continues to improve thanks to bailouts and the Federal Reserve pumping easy money into investment banks, millions of other Americans are being kicked out of their homes that are losing value.

"Americans have lost $6.3 trillion in household real estate wealth.

"If your primary asset for your net worth is collapsing is it any wonder why the majority of the population does not feel this as any sort of economic recovery even though the stock market is now up over 100 percent in a relatively short timeframe?"

If this isn't class war, what is it?

I've already swatted this nonsensical post in another thread.

Your source mixes up INCOME and NET WORTH - and shows that only 78K people in the U.S. make more than $1M per year. If you take away all of their income, we would still have an enormous debt - and the added "benefit" of destroying the incentive of the people who actually create jobs.

There's nothing nonsensical about Americans losing $6.3 trillion worth of household wealth over the last three years due to short-term graft generated by Wall Street investment banks "with products like CDOs, CDSs, and the entire mortgage backed securities industry."

"When the entire casino went bust, Wall Street received their government welfare handout while the public is now confronted with higher taxes, less public goods, and is now being asked to live with austerity to pay for their graft.

"We don’t want to stop that millionaire train while more and more Americans depend on food assistance..."

The financial scam of the century

You're the only one conflating INCOME and NET WORTH, apparently because you have no answer to the question why do more and more Americans continue to be added to the food stamp program while the ranks of US millionaires continues to swell?

Where's the shared sacrifice?

Ask the Boston Fed, The Clinton White House, and the members of Congress who reinvigorated the CRA.

 

[georgephillip]

*Class Warfare* Discounted...and ignored. Non-Starter.

In what universe?

In the US in 2010 600,000 new millionaire households were created at the same time 5,000,000 Americans were added to the food stamp rolls.

There's an obvious connection between the two groups for anyone not blinded by conservative ideology. The rising stock market explains many of the new millionaires. When corporations cut costs to boost profits the market rises and those who earn their wealth primarily from the stock market prosper.

Those in the middle class whose hours or jobs are eliminated in order to increase profits don't prosper, they resort to food stamps as their household real estate plunges in value.

"While the primary source of wealth for the top 1 percent is stocks and this sector continues to improve thanks to bailouts and the Federal Reserve pumping easy money into investment banks, millions of other Americans are being kicked out of their homes that are losing value.

"Americans have lost $6.3 trillion in household real estate wealth.

"If your primary asset for your net worth is collapsing is it any wonder why the majority of the population does not feel this as any sort of economic recovery even though the stock market is now up over 100 percent in a relatively short timeframe?"

If this isn't class war, what is it?

2010 has been the result of all liberal policies. Obama has been Pres for 2 years and Dems had Congress since 2007. But hey, lets blame those evil conservatives for failed liberal policies!

Why not blame those millionaires?

Rookies in the new Congress all tend to live high on the economic hog with 40 percent of newly elected house members already in the millionaire club along with 60 percent of new senators.

When these "leaders" speak about "The People" who do you suppose they're talking about?

The 72,826,204 Americans earning $25,000 or less per year?

Or the 78,147 Americans earning $1,000,000 or more per year?

The financial scam of the century

 

[PushBack]

Both parties lie. Both parties have their own agenda.

Both parties have their own witnesses, experts, researchers, attorneys, resources which they spend hundreds of millions on to condition their supporters, since their birth.

We are so busy playing the game they force us into we are unable to see they are winning.

 

[racewright]

Seems that most are not jealous of the rich and do realize geting them angry is not the best way to grow business and jobs.

If you want to tax people who make tooo much for what they do why not place more taxes on the entertainment industry after all they surely make to much for singing,acting,playing ball,race a car,talk on radio,talk on TV. You get the point.

I submit if Osama Would have hit Hollywood or Disneyworld all the sandy countries would be glass right now. But because they hit the Rich wall streeters and military war mongers aahhh to bad.

We definatly have our wagon before the horse.

 

[georgephillip]

I've already swatted this nonsensical post in another thread.

Your source mixes up INCOME and NET WORTH - and shows that only 78K people in the U.S. make more than $1M per year. If you take away all of their income, we would still have an enormous debt - and the added "benefit" of destroying the incentive of the people who actually create jobs.

There's nothing nonsensical about Americans losing $6.3 trillion worth of household wealth over the last three years due to short-term graft generated by Wall Street investment banks "with products like CDOs, CDSs, and the entire mortgage backed securities industry."

"When the entire casino went bust, Wall Street received their government welfare handout while the public is now confronted with higher taxes, less public goods, and is now being asked to live with austerity to pay for their graft.

"We don’t want to stop that millionaire train while more and more Americans depend on food assistance..."

The financial scam of the century

You're the only one conflating INCOME and NET WORTH, apparently because you have no answer to the question why do more and more Americans continue to be added to the food stamp program while the ranks of US millionaires continues to swell?

Where's the shared sacrifice?

Ask the Boston Fed, The Clinton White House, and the members of Congress who reinvigorated the CRA.

Neither the Boston Fed nor the Minneapolis Fed nor the Clinton or Bush White House or any member of congress "who reinvigorated the CRA" has an answer to the question of why 5,000,000 Americans had to go on food stamps so that 600,000 Americans could become millionaires.

The question can not be answered in terms of Democrat OR Republican.

It's easy to answer in terms of Republican AND Democrat.

 

[KissMy]

Tax the Public Unions!!! They are the rich! Take their Golden Pensions, funded by us tax slaves. If you still need more then tax the rich.

 

[skookerasbil]

Ah, yes.....demonstrably failed......

*

Who cant laugh their balls off when far left nutballs post up graphs of the debt that ends in 2008!!! I cant even begin to think of an analogy to illustrate the absurdity..........and frankly, who the fcukk can figure the point trying to be made. What? That its acceptable to trade in the SUCK for the SUCKIER just because some percieve the intentions to be better?? Only mental cases think that way.

What people on the left dont realize and what was clearly demonstrated in November of 2010 is that MOST people are not willing to jump into the cesspool just because their shoes got a bit of poop on them. They will always choose getting poop on their shoes as compared to being totally covered in poop. This is exactly the dynamic you saw in November. A majority said, "FCUKK THIS CESSPOOL.......IM CLIMBING OUT WHILE I STILL CAN". Thats the political reality s0ns..............far left public policy got the kick in the balls because its never been something the people wanted. Realizing they got bamboozled by this flim-flam man, they punted...............or more succinctly, they climbed out of the cesspool. The far lefties on this board can try to distract with total horseshit all they want, but politically speaking, they are like relics of a former era at the present time. None of their shit has worked for the betterment of the country and that is the prevailing view. America is and has always been a center-right country. Its not even debatable.

Remember assholes...........this forum is not an "Ideology" forum, its a politics forum, thus, the philosophy crap is akin to a group exercise in navel contemplation.

And thats my role on this forum..........to bring the conversation back to real....................


Accordingly, we evidently need to point this out to the far left jarheads...................



Its now 2011 s0ns!!!!!

Exactly.

It's 2011 and 40 percent of House newcomers are millionaires.
60 percent of incoming Senators fall into the same cesspool.
And these are the new champions of "The People."

Financial reports show the rookies "holding extensive personal investments in...Wall Street banks, oil giants and drug makers."

"Their wealth and financial ties might help explain the rush by the new Republican House majority to coddle these very same corporate powers.

"From gutting EPA's anti-pollution restrictions on Big Oil to undoing the restraints on Wall Street greed, they're pushing for a return to the same laissez-fairyland ideology of the past 20 years that got our country in massive messes."

It's not center-left or center-right to recognize corporate whores when you see them.

It's ideological blindness not to.

Jim Hightower | Rich Get Richer With New Congress

Like I said in an earlier post s0n.........the people have spoken. They've chosen "The Suck" vs "The Suckier". The lefts way of doing things was utterly rejected WITHIN 24 MONTHS!!!!. This bozo philllip, like all the DailyKos assholes on here have no clue of the damage done to our country compliments of up your ass regulations and bogus butt plug taxes that have totally fcukked small business over the past 30 years. Who the hell can conduct business in this climate? The solutions are simple and will never come from lefties.........never do.........and the public knows it!! Laissez-fair FTW s0n.........and get government the fcukk out of the way.

 

[georgephillip]

Both parties lie. Both parties have their own agenda.

Both parties have their own witnesses, experts, researchers, attorneys, resources which they spend hundreds of millions on to condition their supporters, since their birth.

We are so busy playing the game they force us into we are unable to see they are winning.

Both parties serve the same 1% of voters, i.e., those that fund 90% of their campaign expenses...the richest 1% of voters.

The internet makes it doable to FLUSH hundreds of Republicans AND Democrats from DC in 2012.

Starting with Wall Street's savior in the White House.

 

[georgephillip]

Tax the Public Unions!!! They are the rich! Take their Golden Pensions, funded by us tax slaves. If you still need more then tax the rich.

How many of the 600,000 Americans who became millionaires in 2010 work for public unions?

How many of the 5,000,000 Americans who signed up for food stamps in 2010 work(ed) for public unions?

 

[Uncle Kenny]

There's nothing nonsensical about Americans losing $6.3 trillion worth of household wealth over the last three years due to short-term graft generated by Wall Street investment banks "with products like CDOs, CDSs, and the entire mortgage backed securities industry."

"When the entire casino went bust, Wall Street received their government welfare handout while the public is now confronted with higher taxes, less public goods, and is now being asked to live with austerity to pay for their graft.

"We don’t want to stop that millionaire train while more and more Americans depend on food assistance..."

The financial scam of the century

You're the only one conflating INCOME and NET WORTH, apparently because you have no answer to the question why do more and more Americans continue to be added to the food stamp program while the ranks of US millionaires continues to swell?

Where's the shared sacrifice?

Ask the Boston Fed, The Clinton White House, and the members of Congress who reinvigorated the CRA.

Neither the Boston Fed nor the Minneapolis Fed nor the Clinton or Bush White House or any member of congress "who reinvigorated the CRA" has an answer to the question of why 5,000,000 Americans had to go on food stamps so that 600,000 Americans could become millionaires.

The question can not be answered in terms of Democrat OR Republican.

It's easy to answer in terms of Republican AND Democrat.

Not one of those people on foodstamps is going to have a higher income because taxes are raised on the people who hire and pay them to finance the provider of foodstamps, are they? It might make the bitter barn feel a little better, but that just proves that supposed compassion for their fellow man is just a load of crap.

Besides, who will end up paying those taxes in the end? Those who are wealthy because of ownership will pass the cost on to customers. Those who are earners in services will do the same. Employees who earn that type of money will not accept a pay cut and their employers will have to pay them more and pass that on to consumers as well.

Remember, people who earn that amount do so because they are really valuable and not easily replaced, they will get the difference in pay.

See any patterns forming here?

 

[georgephillip]

Who cant laugh their balls off when far left nutballs post up graphs of the debt that ends in 2008!!! I cant even begin to think of an analogy to illustrate the absurdity..........and frankly, who the fcukk can figure the point trying to be made. What? That its acceptable to trade in the SUCK for the SUCKIER just because some percieve the intentions to be better?? Only mental cases think that way.

What people on the left dont realize and what was clearly demonstrated in November of 2010 is that MOST people are not willing to jump into the cesspool just because their shoes got a bit of poop on them. They will always choose getting poop on their shoes as compared to being totally covered in poop. This is exactly the dynamic you saw in November. A majority said, "FCUKK THIS CESSPOOL.......IM CLIMBING OUT WHILE I STILL CAN". Thats the political reality s0ns..............far left public policy got the kick in the balls because its never been something the people wanted. Realizing they got bamboozled by this flim-flam man, they punted...............or more succinctly, they climbed out of the cesspool. The far lefties on this board can try to distract with total horseshit all they want, but politically speaking, they are like relics of a former era at the present time. None of their shit has worked for the betterment of the country and that is the prevailing view. America is and has always been a center-right country. Its not even debatable.

Remember assholes...........this forum is not an "Ideology" forum, its a politics forum, thus, the philosophy crap is akin to a group exercise in navel contemplation.

And thats my role on this forum..........to bring the conversation back to real....................


Accordingly, we evidently need to point this out to the far left jarheads...................



Its now 2011 s0ns!!!!!

Exactly.

It's 2011 and 40 percent of House newcomers are millionaires.
60 percent of incoming Senators fall into the same cesspool.
And these are the new champions of "The People."

Financial reports show the rookies "holding extensive personal investments in...Wall Street banks, oil giants and drug makers."

"Their wealth and financial ties might help explain the rush by the new Republican House majority to coddle these very same corporate powers.

"From gutting EPA's anti-pollution restrictions on Big Oil to undoing the restraints on Wall Street greed, they're pushing for a return to the same laissez-fairyland ideology of the past 20 years that got our country in massive messes."

It's not center-left or center-right to recognize corporate whores when you see them.

It's ideological blindness not to.

Jim Hightower | Rich Get Richer With New Congress

Like I said in an earlier post s0n.........the people have spoken. They've chosen "The Suck" vs "The Suckier". The lefts way of doing things was utterly rejected WITHIN 24 MONTHS!!!!. This bozo philllip, like all the DailyKos assholes on here have no clue of the damage done to our country compliments of up your ass regulations and bogus butt plug taxes that have totally fcukked small business over the past 30 years. Who the hell can conduct business in this climate? The solutions are simple and will never come from lefties.........never do.........and the public knows it!! Laissez-fair FTW s0n.........and get government the fcukk out of the way.

Which "people" have spoken?

The 60% of eligible voters who didn't cast a ballot in 2010?

Your pathetic shilling for the laissez-fairyland ideology that got us into our Great Recession fools no one but the corporate slaves.

The Real Solution is to FLUSH as many corporate Republicans AND Democrats from DC as possible starting in November of 2012.

Or get the fcukk out of the way of that.

 

[georgephillip]

Ask the Boston Fed, The Clinton White House, and the members of Congress who reinvigorated the CRA.

Neither the Boston Fed nor the Minneapolis Fed nor the Clinton or Bush White House or any member of congress "who reinvigorated the CRA" has an answer to the question of why 5,000,000 Americans had to go on food stamps so that 600,000 Americans could become millionaires.

The question can not be answered in terms of Democrat OR Republican.

It's easy to answer in terms of Republican AND Democrat.

Not one of those people on foodstamps is going to have a higher income because taxes are raised on the people who hire and pay them to finance the provider of foodstamps, are they? It might make the bitter barn feel a little better, but that just proves that supposed compassion for their fellow man is just a load of crap.

Besides, who will end up paying those taxes in the end? Those who are wealthy because of ownership will pass the cost on to customers. Those who are earners in services will do the same. Employees who earn that type of money will not accept a pay cut and their employers will have to pay them more and pass that on to consumers as well.

Remember, people who earn that amount do so because they are really valuable and not easily replaced, they will get the difference in pay.

See any patterns forming here?

The main pattern I see forming here is growing income inequality based on government redistributing wealth from producers to parasites.

The recent $13 trillion bailout of Wall Street, for example, kept the debt overhead in place for 98% of Americans while nearly doubling the returns to wealth for the richest 2% of their countrymen.

Who will end up paying those taxes in the end?

Many of those 5,000,000 Americans who resorted to food stamps in 2010 would have avoided the bitter barn altogether if Wall Street bailouts hadn't enabled the stock market to recover and generate those 600,000 new millionaires.

Not all millionaires are really valuable.

Some are simply corrupt, aren't they?