I don't know what the exact number should be but the very rich aren't hurting from the taxes they pay on their incomes because most of their money comes from investments.
Millionaires and billionaires aren't evil but they do have advantages that the vast majority of Americans will never have when it comes to investing their money and making huge gains off of those investments. They can usually afford much better accountants that know exactly how to protect a millionaires money than your average accountant and because of that they will always have an unfortunate advantage just because of the privilege of having wealth to make more wealth.
nic34 (12-04-2012)
The problem is, of course, that the rich subvert public policy.
Just look at the current kerfuffle in the UK where Starbucks, Google and Amazon are miraculously revealed to have been paying almost no tax .. legitimately ... for years.
Corporations, including Romney's, do the same in the States.
Why? Because they pay legislators to be kind to them.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
Rather, because government is corrupt and open to being bought off.
Man, in general, tends to take the easy way. Economic means are more difficult than political means. Thus man will tend to take the political means if it is available. This is true whether it be social or corporate welfare.
Which takes us back to democracy and one of the reasons it's the worst form of government, as per Alexander Tytler: "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."
Last edited by Awryly; 12-04-2012 at 12:00 AM.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
They certainly are democratic-in-name-only, in reality they're more like communist.
Last edited by GrassrootsConservative; 12-04-2012 at 02:57 AM.