Paul,
<<<Once YOU DECIDE who shall and shall not get a tax cut, what will you be - "Queen" of America?>>>
Okay, only if you insist <gggg>
<<<The higher wage earners INVEST a much higher percentage of their income - INVEST in stocks, start-ups, capital formation, etc.>>>
I don't disagree with you at all.
<<<In all likelihood, a tax rate cut for the higher income brackets will ultimately produce more growth in the economy.>>>
I doubt it will make any difference from this tax cut for the top 1%. For most of us, what the top 1% gets back from this tax would mean a lot, but for those in the top 1% - it will not amount to a hill of beans.
Heck, you could tell us. Is there anything stopping you now from getting another Cadillac or a flat screen TV? How much more can you consume? But, if you gave more back to the family that is making only $150,000, or less - they can surely use it.
<<<It will also INSPIRE lower income bracket people to work HARDER and SMARTER to become HIGH BRACKET people>>>
Is that why you live the luxury life style? To inspire the poor? How noble of you <gggg>.
<<<Remember the Communist Manifesto - From Those according to their ability - To those according to their needs.>>>
Yes, remember what happened to the communists. They lived by slogans that had very little to do with reality.
<<<Our current tax code is a Brilliant Implementation of the Communist Doctrine>>>
Let's hope that our tax code has enough flexibility to adjust to changing circumstances rather than blindly follow some inflexible doctrine.
Mary |
