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Recovery Summer: US Corps Post Biggest Profits in History
Re: Recovery Summer: US Corps Post Biggest Profits in Histor
by Sixstrings » Thu 25 Nov 2010, 03:46:12
$this->bbcode_second_pass_quote('Kristen', 'W')hy not enact some radical form of wealth distribution or something akin to an income cap?
You wouldn't need an "income cap," just very high top tax rates. It's amazing how everyone thinks that's so communist, when back in the 60's -- when everybody was paranoid about the commies -- that's exactly what they had, a top rate of 90%.
Don't want to type it all out again, but my idea would be for a tax structure that would encourage the rich to spend their money on things which create jobs in this country. If you wanna play forex or invest in Chinese stocks, then pay the 90% tax on those capital gains. But if you open a business here in the US, you can keep your Bush tax cuts.
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Sixstrings - Fusion
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Re: Recovery Summer: US Corps Post Biggest Profits in Histor
by Kristen » Sat 04 Dec 2010, 05:24:17
$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('Kristen', 'W')hy not enact some radical form of wealth distribution or something akin to an income cap?
You wouldn't need an "income cap," just very high top tax rates. It's amazing how everyone thinks that's so communist, when back in the 60's -- when everybody was paranoid about the commies -- that's exactly what they had, a top rate of 90%.
Don't want to type it all out again, but my idea would be for a tax structure that would encourage the rich to spend their money on things which create jobs in this country. If you wanna play forex or invest in Chinese stocks, then pay the 90% tax on those capital gains. But if you open a business here in the US, you can keep your Bush tax cuts.
That's the most sound advice I've heard in awhile. Most of the top percent should realize that even without a new Benz every three days, they can still afford car insurance (While a far greater number have to take their chances) and enjoy such a luxury.
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Kristen - Tar Sands
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- Location: Minneapolis, Minnesota
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