Quote:
Originally Posted by Dutch
The common perception is that Millionaires pay little in the way of taxes. That would be false.
As for corporations taking jobs overseas, that is true. It's hard to compete with the "sweat shops" of China and Mexico. The flattening world and all that...(if you haven't read the book, you need to).
So you take from the millionaires so they can't employ those people overseas...but now they won't be able to employ anybody. This leads to concerns of the welfare state...and the paraphrased age old adage "problem with taxing the rich is eventually you run out of other people's money".
Anyway, it's becoming a monumental challenge for this country no matter what angle you are looking at it from.
|
Millionaires having more money doesn't create jobs. Demand does. The tax rate the CEO has to pay on his income has no bearing on whether jobs are kept or cut.