SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Tradelite who wrote (13915)9/24/2003 5:54:09 PM
From: PerryARespond to of 306849
 
"Stuff" is taxed....big time, by all levels of government. Real estate, automobiles, boats, plane tickets, hotel bills, phone bills, liquor, fancy cuban cigars....just about everything the rich consume more heavily than poor folks.

I believe Skeeter Bug was talking about wealth in the post I responded to, but referred to it as "stuff" -- in other words, he was suggesting that the top 5% hold 70% of the wealth and pay 70% of the income taxes and so the progressive tax rates are justified.

Regards,
PerryA