<<Payroll and other taxes take about 35-40% out of a normal paycheck. The rich heir now can get by with low capital gains taxes and everything else is scott free. Makes for a richer upper class, a permanent upper class, and a struggling middleclass>>
If a "rich heir" is not working and just lives off the
family money, which has presumably already been taxed, if not re-taxed, at some point, so what? He'll be paying yearly
property taxes, as well has taxes on the income from the
family money, not all of which will be long term capital gains.
Just exactly how many people in this country do you think fall into that "rich heir" category anyway? And what difference does it make to anyone else? Taxing such a person into oblivion would change nothing except make some potential Democratic voters happy because a rich guy got punished.
I also don't know what you mean by a "normal paycheck."
I sincerely doubt that 40% is withheld for taxes,
particularly from people in the lower brackets,
some of whom effectively pay no taxes.
Not taxing the so-called "rich" into oblivion doesn't
change a thing for the "lower classes", who still, as
a group, pay a much lesser percentage of the overall tax burden.
What was the figure--something like the top 10 percent earners pay 90% of all taxes?
Just once, I'd love to hear a liberal social engineer
admit that the hullabaloo about taxes is really
about wealth redistribution, punishment of achievement,
and largely rewarding a voter base who can keep
the social engineers in power.
The whole Dem class warfare tactic completely sickens me. |
