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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (427524)10/17/2008 3:51:34 PM
From: TimF  Read Replies (1) of 1583117
 
The super rich are less likely to rely on current income, and are more able to defer or avoid taxes on the income, than just the rich or the mere wealthy.

Interestingly taxes increases on the superwealthy alone are much more likely to reduce the incentive of the very wealthy (defined as being less rich that "superwealthy") than the superwealthy themselves.

The superwealthy already have "superwealth", the very wealthy are less likely to take the risks to move in the direction of "superwealth" if they get less of the reward should the risk pan out.
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