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Updated almost 14 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Are we broke?Will taxing the rich fix things?

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

http://iowahawk.typepad.com/iowahawk/2011/03/eat-the-rich.html

I hope I did this correctly- no techie here! The first part of this link is chatter, but then the yearly calendar is looked at in depth. If you're willing to take 9 minutes, this is a pretty interesting way of looking at taxes and fixing the debt. Rich

p.s. If there is a techie that can just link this so it automatically comes up, please do so.

Most Popular Reply

Account Closed
  • Landlord
  • Seattle, WA
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Account Closed
  • Landlord
  • Seattle, WA
Replied

There are going to be tough decisions ahead. There is absolutely no way for the government to continue to spend at the levels they are. Each year we continue to dig a deeper hole which becomes more difficult to get out of.

More taxes, I'm afraid is only a delay tactic. It is a way of ignoring the real problems.

Many of the very wealthy have little tax because they can manage their taxable income. They have wealth and can use it (not taxable until after death).

I think we need to do more to help people to work or become entrepenuers. Social programs have become more of a crutch that discourages them from making it on their own.

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