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Liberal Hypocrisy: Hating the rich
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<blockquote data-quote="wkmac" data-source="post: 1035221" data-attributes="member: 2189"><p>$250k IMO is middle class and I agree to be so-called rich would be in the 8 or 9 figure range at a minimum thus making your point about the ability to buy anything at anytime. Most efforts to tax or regulate the so-called rich have always backfired because "the rich" are connected to directly lobby gov't for special considerations and can afford the legal structure to take advantage. These draconian measures thus don't have the intended effect but they trickle down so that the rest of us end up footing the bill and often at a harsher reality than originally intended. Even if they do work, those taxes are then built into the so-called rich business model and then the goods and services purchased by the consumer end up paying the tax anyway as a cost of doing business. We so-called non rich don't have the means nor is the law written to grant us relief or consideration so we will always pay any tax. The "more taxes is the solution" crowd scream about trickle down and yet their own actions prime that very pump.. IMO this has been how the whole tax system has turned upside down in the first place.</p><p></p><p> The income tax in the beginning was only on about 1% of the population of a high income nature or foreign income and capped at 5% but look at where it is at today.</p></blockquote><p></p>
[QUOTE="wkmac, post: 1035221, member: 2189"] $250k IMO is middle class and I agree to be so-called rich would be in the 8 or 9 figure range at a minimum thus making your point about the ability to buy anything at anytime. Most efforts to tax or regulate the so-called rich have always backfired because "the rich" are connected to directly lobby gov't for special considerations and can afford the legal structure to take advantage. These draconian measures thus don't have the intended effect but they trickle down so that the rest of us end up footing the bill and often at a harsher reality than originally intended. Even if they do work, those taxes are then built into the so-called rich business model and then the goods and services purchased by the consumer end up paying the tax anyway as a cost of doing business. We so-called non rich don't have the means nor is the law written to grant us relief or consideration so we will always pay any tax. The "more taxes is the solution" crowd scream about trickle down and yet their own actions prime that very pump.. IMO this has been how the whole tax system has turned upside down in the first place. The income tax in the beginning was only on about 1% of the population of a high income nature or foreign income and capped at 5% but look at where it is at today. [/QUOTE]
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