OT: more taxes
I don't believe in rich, and I don't believe in poor.
Having said that I believe that the small guy gets taxed to death in the existing setup as many have pointed out. I don't believe that is true of the wealthy. By taxing income, the system keeps ordinary people from becoming comfortable, as many of us have found in recent years.
Maybe its time to look at a wealth/property tax that would tax a person if their total assets reached, say, $3 million, and anyone else under that, until they reached that point would pay little or nothing. Work (and investment) would be rewarded, but the dumb mechanics of compound interest (as apart from working) would not. The system would be biased towards creating lots of people with total assets of just under $3 million, which is plenty to have and live on (if that is what you chose to do with it), instead of biased towards keeping the vast majority of people right on the edge of economic disaster (irrespective of income) and a tiny few with ludicrous wealth, which usually is used to create more misery for everyone else. (control of politics, media, financial markets...all to the detriment of other players)
Lets not screw around with half measures and call the present situation what it is: designed to keep you penniless.
But what else would you expect from the people that control the existing situation...ie; the extremely wealthy? |
