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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (201014)5/7/2009 3:39:50 PM
From: John ChenRespond to of 306849
 
"yes, the top 1% pay 90% of the taxes, but they own 92% of the country "

In general, agree.

The myth of 'rich pay bear most % of taxes burden' is just
that, a myth.

Sure most of us would like to take the tax burden off the rich.

President Mao had a way to do that. Take all their money
away so as not to burden them on heavy tax.

"and they don't have to pay for their trillion in gambling losses".

That's the beauty of the insurance business model, gov. has
to step in regardless of how it happens.



To: Skeeter Bug who wrote (201014)5/7/2009 4:09:36 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
<yes, the top 1% pay 90% of the taxes, but they own 92% of the country >

And therefore have the most to lose should the existing system fail - and so should probably pay even more than their ownership stake.

Anybody seen stats on what % of wealth is held by which percentiles? I'd like to show that to my trickle-down buddies...

BC


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