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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (397212)	12/7/2010 8:02:50 AM
From: Elroy	Read Replies (1) \| Respond to of 793895

But income taxes don't touch wealth. This is a great point. People who want to 'tax the rich' should be advocating a wealth tax - if you got more than $XX million in personal net assets, you owe 0.X% of it to the state each year.

To: LindyBill who wrote (397212)	12/10/2010 4:17:38 PM
From: KLP	1 Recommendation Respond to of 793895

Too bad that the entire US Congress doesn't have Thomas Sowell there to advise them, and enforce what it is the American people want them to do....Sowell is one of the few voices with clarity that we have today... "When you refrain from raising someone's taxes, you are not "giving" them anything. Even if you were actually cutting their tax rate— which is out of the question today— you would still not be "giving" them anything, but only allowing them to keep more of what they have earned."