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[ARCHIVED THREAD] - MILLIONARE tax

Posted: 3/12/2011 5:37:32 PM EDT

http://www.rawstory.com/rs/2011/03/11/sanders-introduces-millionaire-surtax-to-slash-deficit/

How does Hollyweird like Bernie Sanders now?

Posted: 3/12/2011 5:40:29 PM EDT

[#1]

Maryland tried that. It didn't work out so well. Millionaires Go Missing

Posted: 3/12/2011 5:41:34 PM EDT

[#2]

Quoted:
Maryland tried that. It didn't work out so well. Millionaires Go Missing

This is for the entire US though

Are they going to flee to Canada or France?

Posted: 3/12/2011 5:42:00 PM EDT

[#3]

Great idea. I'm sure all of those rich campaign donors will be chomping at the bit to help reelect the people who pass a law that hits them for an additional $54K per million dollars of annual income.

I can't understand why these fucking elected retards can't figure out that reducing or eliminating nonessential government programs is the way to cut the defecit without taking more from the citizens.

Posted: 3/12/2011 5:43:06 PM EDT

[#4]

If they really wanted to do something impressive they would confiscate all of the wealth above $1Million. Empty the bank accounts.

So many of these 'rich' people already have their money so they won't care.

<disclaimer>I don't want this to happen, I just want to watch the rich progressives meltdown when it is recommended.</disclaimer>

Posted: 3/12/2011 5:44:54 PM EDT

[#5]

Quoted:
If they really wanted to do something impressive they would confiscate all of the wealth above $1Million. Empty the bank accounts.

So many of these 'rich' people already have their money so they won't care.

<disclaimer>I don't want this to happen, I just want to watch the rich progressives meltdown when it is recommended.</disclaimer>

Sounds like a good idea to me to be proposed.

The Republicans should actually propose it.

Posted: 3/12/2011 5:46:01 PM EDT

[#6]

Millionaires being able to "afford" higher taxes is a misnomer. Keep in mind the old adage, "Mo money, Mo problems..."

Millionaires can move or otherwise structure their income and assets to avoid most of these types of taxes. The middle-class are far less mobile and generally tethered to a much more difficult to conceal or occlude system of assets and income. Sanders understand's Marx's economics, but not the real world at all. The effect of this type of tax ensures additional burden on the middle-classes.

Posted: 3/13/2011 7:18:08 PM EDT

[#7]

Quoted:

Millionaires being able to "afford" higher taxes is a misnomer. Keep in mind the old adage, "Mo money, Mo problems..."

Millionaires can move or otherwise structure their income and assets to avoid most of these types of taxes. The middle-class are far less mobile and generally tethered to a much more difficult to conceal or occlude system of assets and income. Sanders understand's Marx's economics, but not the real world at all. The effect of this type of tax ensures additional burden on the middle-classes.

Dems hate the middle class