Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (50982)	6/16/2004 3:48:43 AM
From: Seeker of Truth	Read Replies (2) of 74559

In your description of the pathetically overtaxed rich people you forgot something. The 50% on the bottom have no assets which are growing in value. In contrast, the rich may have capital appreciation which vastly exceeds their income. Of course, as long as they don't sell, they pay no tax on that. The exploited rich can see any part of the world they choose, get way down front opera tickets, play on golf courses with gorgeous scenery etc. The greedy poor who only pay 4% tax on their income stay at home with the TV, doused in patriotism and/or religion. Life is so unfair. The miserable person who makes ten million unhappily gets to keep only 7.25 million of it, whereas the grasping poor can keep $13,500 out of their $14,000 income. You also didn't remember a raft of tax relief measures, crassly referred to by pinko reformers as tax "dodges". I continue to think that the best countries in which to invest are those where real incomes are moving in the direction of lessened inequality.

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