Post by aztecwin on Jan 8, 2011 9:01:37 GMT -8
Jan 8, 2011 8:36:38 GMT -8 @inevitec said:
No, that is your ideologically driven dogma talking. The rich typically have something going for them (a business, a special talent, investments), they are generally smarter than the average bear and they will generally act to protect their interests (just as all the bleeding-heart rich liberals in Hollywood and DC do as they hire tax attorneys to make sure they pay no more to the Gov than they have to :
. Cranking up the tax rate will simply drive people's income at the upper brackets off the books or they will transfer the burden onto the middle class and lower class consumers. Real tax revenue will decrease and the overall benefits for the middle class from those tax increases will decrease.If you care one rats a$$ about the middle class, you would seek to reduce government spending and, by consequence, their tax burden. But for Democrats, it seems, it is all about power for the party and the middle class can take a long walk off the short pier.
I lurk, but I don't post here, because some of the comments I read create the impulse to be personally insulting in response, particularly when reading some of the less emotionally controlled and inflexible posts. And, I would prefer not to post insulting comments. But I will say this to you:
I think that there is a connection between high wealth disparity and poor economic performance overall.
We have been most prosperous when our disparity in income and wealth was less than it is now. The bifurcation of wealth is currently very large and we are currently less well off.
Prosperous nations usually have a wealth disparity that is far less than ours. Failed economies, such as Argentina (historically), usually have high income disparities.
Consumer demand accounts for about 70% of our economic activity. If that 70% is less well off, how will the rich help the economy grow on their own? I have seen relatively scant evidence that helping the rich has improved the economy. We have experienced ten years of economic and tax stimulus for the rich and I see no fundamental improvement in our economic position. In fact, we have declined. Please show me how high wealth disparity and assistance to the rich helps the majority of the economy.
Good post with good question(s). You did not advocate confiscation, only offered some observations that point out a problem.
You should post more often.