SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!
Anyone posting here make $10 Million per year?
If I made $10 Million in a year, I wonder if I could survive on only $4.1 Million, or would I be Broke?
Sure, that's a lot to pay, but I KNOW I'd still be ok with ONLY $4.1 Million.
I'm sure 99-100% of the posters here on this site have yet to earn $10 Million or even $4.1 Million in their
entire working career.
Bottom line, Hoarding money by not spending or shipping money into offshore accounts, Is NOT good for those of us in America.
But that isn't the point. The point isn't "Oh can they survive on $4 million instead of $10 Million".
The point is, where do they invest the money they earn? Do they invest it in the US, and create jobs, and create wealth?
Or do they invest it outside the US, and create jobs and wealth in Mexico, or China, or Ireland, or anywhere else in the world?
But regardless of that, the biggest problem with this entire argument is... you are not getting the money either way. They will simply move the money elsewhere. They are not going to work hard, to earn millions of dollars, to lose 59% of it.
They simply are not.
So you are not getting the money. It's that simple. You are not going to get it.
And if you doubt that, then once again... look at Europe. If all those countries, with all their much higher tax rates on the rich, are getting all the money.... then why are they jacking up taxes on the lower and middle class? There's another thread on this forum, with a guy from Belgium, and he was a middle class guy. We asked how much of his income he was paying in tax. In his own words, he said more than 50%.
And by the way, that 50% on income, doesn't include the massive national sales tax. So you lose half of what you make, and they pay way more on everything you want to buy, all for the sake of taxes to pay for your all your programs.
Why are they not just getting all that money from the rich? Because the rich find a million ways to shelter their income from taxes. It's that simple.