How does "everyone make less" if the tax rate on the highest income tiers is increased? It would not affect those who have no income in those ranges.
Pick your poison, social unrest, or...
- Thread starter Ricter
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I think he meant "everyone" in that wage bracket making less is more preferable to having folks out there making more money than others (to liberals).
Here is a follow-up thought... If the "poor" show up as a flash mob in my neighborhood and start looting everything then I am sure that all the middle-class families will resort to firearms to defend their businesses and homes.
I am pretty sure that when all my military veteran neighbors are done there will be no looters available to show up a second time.
Mainstream American society is not going to put up with utter lawlessness in their own neighborhoods. They will take very swift action to stop the problem.
Because businesses shut down, thus less jobs. Just like the EPA regulations, sure you guys really stuck it to the guys at the top of the coal industry, but the ones at the bottom are doing even worse. You only need to visit a coal ghost town to figure that one out. The billionaires made out alive, they will make it out of this mess just fine, you think the coal miner at the bottom in podunk kentucky town can say the same?
Labourers in this country do best when there is too much demand for labour, which doesnt come about from soaking the rich.
Look at France's unemployment rate after they vowed to get those evil rich bastards. You dont raise wages by killing the demand for jobs.
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like the man (Obama) said, "We need to do something about gun control."
Well, if the rising tide theory is still working, I understand. I don't think it's working anymore, do you?
Capitalists in this country do best when there is too much demand for capital, which doesn't come about from enlarging the poor. That's what the billionaire captain of industry speaking in that article was saying.
They do best when they can put their capital to work, the government and the fed have created a system whereby capitalists are best leaving their money in cash.
There is literally no place anymore in the market for a person to invest cash and expect a reasonable rate of return. We are at the tail end of Keynesian policy, rates at zero, and a race to the bottom, with no reasonable place for someone to invest money and expect a return. Thus the stagnant economy, now we are either going to go sideways for a number of years, or the market will dip hard in order to clean out the ineffecencies created by 30 years of easing.
Nonsense. Businesses don't close because personal income taxes on the top tier go up. They close because (sticking to our context here) they can't make sales. You're speaking as if there is tight money and a lot of competition for it. There aint.
Huh?
There isn't a lot of discretionary spending right now, and there's a shitload of competition for it at retail. I honestly don't know what you're talking about when you say otherwise. The banks? Hedge funds?