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<blockquote data-quote="brett636" data-source="post: 867318" data-attributes="member: 249"><p>I don't find billionaires to be crooks, and if anyone of them wants to give more money to the federal government they are free to do so. The problem with trying to tax people with lots of wealth is some of them will take their money and go somewhere with lower tax burdens reducing the overall revenue to the government. The state of MD passed a millionaires tax taxing high income earners and the revenue they ended up receiving from the tax was far less than the projected revenue because people with great amounts of wealth are not tied down to one place or even one country and a good number of them chose to leave rather than stay and pay the higher tax.</p></blockquote><p></p>
[QUOTE="brett636, post: 867318, member: 249"] I don't find billionaires to be crooks, and if anyone of them wants to give more money to the federal government they are free to do so. The problem with trying to tax people with lots of wealth is some of them will take their money and go somewhere with lower tax burdens reducing the overall revenue to the government. The state of MD passed a millionaires tax taxing high income earners and the revenue they ended up receiving from the tax was far less than the projected revenue because people with great amounts of wealth are not tied down to one place or even one country and a good number of them chose to leave rather than stay and pay the higher tax. [/QUOTE]
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