this is strange, the rich don't object to be taxed at higher rates. at least they don't appear to do anything about it except bitch. i would rather pay the super-tax once per ~100 years and pay the flat tax the rest of the time.
Your imbecilic plan will create a famine that will kill millions, just like in Russia during the 20's after Lenin confiscated farmland and livestock from landowners, or in Zimbabwe after Mugambe redistributed farmland from white farmers and turned Africa's bread basket state into a wasteland. If you think anyone with any brains will stick around after the first 1 in 100 year reset, you are clearly insane. The only way that you'll be able to keep the skilled and truly gifted in the US after that will be to build walls to keep everyone in and shoot anyone trying to escape. And that's how it will end. At the end of the day the world runs on greed: http://www.youtube.com/watch?v=76frHHpoNFs
Wrong... you would rather RECEIVE the redistribution of wealth from others under your "super-tax" because you can't fend for yourself and you're looking to freeload off of those who can. That is, of course, if you're serious and not just a troll looking to stir shit up. I am finding it a bit difficult to believe that someone can be as stupid as you seem to be.
what is the ultimate purpose of capitalism? to have 0.1% of population control 99.9% wealth? it seems so from the above trend. what happens when the extreme wealth inequality is reached? political instability, revolutions, riots leading to wealth destruction and violence are the consequence. could we prevent the catastrophe?
I was going to comment. I won't except to repeat a quote that I read. " I am no longer young enough to know it all. At my age I can only observe and react." You are no doubt young enough to be long on education and short on experience.
Not to the point that we have seen under communism, where its ruling upper class has the power to relocate or kill any citizen it chooses.
Yeah, and I don't remember when all these 6th graders started taking over the discussions on ET but it happened. They should at least wait to post until they pass their American History class in high school.
Is this thread a joke? Forceful wealth redistribution will not happen. If it's attempted, the wealthy would rather spend all of their money fighting a war against anybody trying to take it than just give it up. And you thought the Civil War was brutal? Deport all the illegal immigrants? Is that a joke? Why? So that we have to pay a shit ton for labor? OK, nationalize them, make them pay taxes, restructure the immigration laws and programs so that it is easier for them to get low-paying jobs, and restructure the schools/tax code so that it won't bankrupt them, and then it's good- cheap ass, skilled labor. "This is America, learn english"? Is that another fucking joke? Do you forget that this country was founded by immigrants, for immigrants? You are forgetting what America is supposed to stand for, which is scary. I do agree on eliminating the IRS and using a consumption based tax only. That way people would have a greater incentive to spend money on investments rather than consumption. Further spending in investments would be a great thing. What needs to happen is the recreation of the middle class. There will always be people with sickening amounts of money. But don't always say they were born rich. JP Morgan, Andrew Carnegie, Warren Buffett, etc, etc, etc, were all poor or middle-class. It seems this forum has turned into a stomping ground for psuedo-economists. Go back to college you just might learn something.