To the top few percent, they have money all over the world. Raising taxes here and there in the grand scheme of things doesnt make much difference.
America levies pretty hefty taxes, and I think it was something like the top 5% earners pay about 50% of the taxes in this country, between income tax, luxury tax etc. Now you want those same 5% to pay another 10%? Or 20%? Notice how the bar keeps sliding, it went from 250k, to 200k and Biden even said 150k the other day. 150k for a dual working family is far from rich! And to pay another 1,500.00/yr or so in taxes (forget higher prices on top) only means no vacation that year, or wait an extra year to buy that car, or upgrade the house. People who make money know HOW to make it, they treat a dollar like an employee, having the dollar sit in a bank does not make more revenue for them. trickle down economics work because if you can get more people to buy more of your goods then you make more money. Then you hire more people because production is up, and then profits go up with it. Raising taxes, means you do more with less, because sales go down because you have to raise the price of your goods to compensate for the higher tax. The thing that disgusts me is that people think they are entitled to more. In the tax cut for 95% of America, 40% of those dont pay income tax. So the only way to lower their tax any more is to give them a check, that is called welfare, the government handing out checks for money you didnt earn, this is also called socialism as a common definition. So if 40% of America is going to get a check back then 40% of America is in a welfare system. The problem is these programs for people are out there. When I was struggling we were on Medicaid when my wife got pregnant and were taken care of just great. The programs are there, people think they deserve a check. Did anyone see the woman complaining about how she can only afford ½ gallon of milk and not a full gallon. First off she was extremely overweight so food didnt seem to be a problem, there was a 2 liter coke bottle in the background, and she had those long curvy designed nails, which costs about 50 bucks. So while shes crying she cant afford milk, she can afford soda, and to get her nails done. I guess she will get a nice big check so she can get her nails done more often. ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
