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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (117290)	11/9/2011 12:01:39 PM
From: grusum	Read Replies (1) \| Respond to of 224750

Should the government tax wealth or income? neither.. only consumption should be taxed. taxing wealth would be a total disaster.

To: chartseer who wrote (117290)	11/9/2011 12:08:40 PM
From: tonto	Read Replies (1) \| Respond to of 224750

There reportedly are 46,000 people in the top 1%. The median wealth is around $7,600,000. People can better appreciate numbers instead of words like "very wealthy". In business school they taught that a wealthy person is someone who has earned over $700,000 per year for ten years. That is another number which can be used. Of course, if they do not manage their spending correctly, they end up being poor like our country but are still considered wealthy.