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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: upanddown who wrote (15265)11/9/2004 8:11:27 PM
From: valueminded  Read Replies (1) of 116555
 
Actually Democrats were/are no better - worse imo since they seem to think that making 200,000 a year qualifies as wealthy. I think if you want to bring up taxation of the wealthy, why not tax the truly wealthy. Say those with Net worths over 10,000,000 (including real estate, everything etc) pay at the highest marginal level for every dollar over that amount. After all, it would take someone earning 200,000 per year 50 years to accumulate that amount of money even if they spent nothing. Give me a break, do you think billionares actually paid 33% or 38% marginal rates on their way to that kind of worth. Maybe thats why most billionares were for Kerry. At any rate, as long as we want to "soak the rich" I think that we ought to include the truly rich in our soaking.
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