Whats the big deal if 1% does have 38% of the wealth? The only real way to fix this non-existent problem is to confiscate most of the wealth of the top 1% and why should we do that? What good would it do to confiscate Buffet's, Gate's, Oprah's, etc wealth? If we don't allow people to accumulate wealth, how would we get new companies? How would silicon valley ever have happened? Would the PC in front of you be there if the govt had long ago told Mr. Jobs, Gates, Dell,etc sorry, you've reached your wealth ceiling?
...and it's already proven trickle-down does not work
Huh? Who is it that creates jobs? You think the top 1% has nothing to do with it?
BTW thats 1% of what? One percent of our population which would be 3M people.
, how come you can not support a progressive tax plan whereby this one percent can contribute more to help make America overall a better nation?
First, we already have a progressive tax system. Why talk as if we don't?
Second, the 1% that holds 38% of the wealth and the top 5% of income earners are not necessarily all the same folks. There would be overlap but they're not necessarily the same.
Last point to this whole thing. Do the wealth statistics include wealth owned by government? Like the OCS oil and gas reserves, the land out west and in AK govt owned with all its timber, oil, gas, coal, minerals? Like the govt owned infrastructure projects - the roads, bridges, docks, dams. Who's counted as owning that wealth? |
