Raise taxes on the wealthy, starting with the Democrats
Posted: Tuesday, December 18, 2007
SIOUX CITY -- I can’t believe it, but I’m agreeing with the Democratic position on raising taxes on the wealthiest Americans. I believe we ought to float a trial balloon on this, starting with ALL registered Democrats.
Since they think that two hundred thousand is wealthy, I’ll be generous and say let’s cap their total annual income at two million. Anything made above that is taken away from them and redistributed among all the other registered Democrats. So, imagine that a big Democratic Hollywood star makes one movie per year. He only gets two million (ten times the amount the Democrats call rich), and any other money that is made from that endeavor, like product endorsements, royalties, speaking engagements, is taken from him and distributed among all the registered Democrats in the land. Continue this on to the Ted Kennedys, John Kerrys, the Clintons, etc., and you’ll have tons of money to hand out.
Oh, never mind, it probably won’t work. Why? All of a sudden you’d have a bunch of wealthy Democrats switching to Republican or Independent to get out of their obligations. And you would probably have a bunch of poor Republicans, if there is such a thing, jumping ship to get a piece of the wealthy Democrats' re-distributed wealth. Their solution would be to take even more from the remaining rich Democrats, right?
For this reason, I can't understand why they think this economic philosophy of raising taxes on the richest in the land would ever work. -- Kevin M. Nelson
Since they think that two hundred thousand is wealthy, I’ll be generous and say let’s cap their total annual income at two million. Anything made above that is taken away from them and redistributed among all the other registered Democrats. So, imagine that a big Democratic Hollywood star makes one movie per year. He only gets two million (ten times the amount the Democrats call rich), and any other money that is made from that endeavor, like product endorsements, royalties, speaking engagements, is taken from him and distributed among all the registered Democrats in the land. Continue this on to the Ted Kennedys, John Kerrys, the Clintons, etc., and you’ll have tons of money to hand out.
Oh, never mind, it probably won’t work. Why? All of a sudden you’d have a bunch of wealthy Democrats switching to Republican or Independent to get out of their obligations. And you would probably have a bunch of poor Republicans, if there is such a thing, jumping ship to get a piece of the wealthy Democrats' re-distributed wealth. Their solution would be to take even more from the remaining rich Democrats, right?
For this reason, I can't understand why they think this economic philosophy of raising taxes on the richest in the land would ever work. -- Kevin M. Nelson
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Dick wrote on Jan 9, 2008 12:10 AM:
Dick wrote on Dec 31, 2007 5:36 AM:
Dick wrote on Dec 25, 2007 9:08 PM:
JOHN POLAKA wrote on Dec 24, 2007 2:55 PM:
JWK wrote on Dec 23, 2007 10:46 AM: