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Breakage · 09-05-2008, 09:14 AM

Freerepublic excellent source for information.
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Today's article abt how Robert Novak found out he had a brain tumor is something else.

The problem is two fold.

1)They don't get them.

2)They have so much money higher taxes actually helps them comparitively speaking.

1)THe first and perpetual problem with trying to tax the rich is,
first they will hire someone to figure out how to not pay it,
second if that fails they won't pay it, they will take the money from somewhere or someone else to pay it. Take, as in not fund-choose to fire someone vs paying a wage.This kills innovation, that money should be used to fertilize new business, not taken away and given out.

2)By raising taxes, you comparitively make the money that is already out there more valuable. If guy has a billion dollars and you make it more difficult for other guy to get a billion dollars it makes the first guy's billion worth more. Guys like Soros and Buffet are not only well aware of this, it is obvious at this point they are for higher taxation to protect their own positions in the world. Hollywood may not be consciously aware. But it is obvious higher taxation would not affect their lifestyles but would make them feel good abt the vast fortunes they accumulated while other Americans are not so lucky. FWIW one of them,(HOllywood iddiots) do not remember whom at this point was asked abt the avg salary in this country and he responded he thought it was abt $250,000/yr-tells it all pretty much.

09-05-2008, 09:14 AM	#6 (permalink)
Breakage Status: Super Horse Join Date: Sep 2003 Posts: 6,397	Freerepublic excellent source for information. I visit this page frequently Latest Articles Today's article abt how Robert Novak found out he had a brain tumor is something else. The problem is two fold. 1)They don't get them. 2)They have so much money higher taxes actually helps them comparitively speaking. 1)THe first and perpetual problem with trying to tax the rich is, first they will hire someone to figure out how to not pay it, second if that fails they won't pay it, they will take the money from somewhere or someone else to pay it. Take, as in not fund-choose to fire someone vs paying a wage.This kills innovation, that money should be used to fertilize new business, not taken away and given out. 2)By raising taxes, you comparitively make the money that is already out there more valuable. If guy has a billion dollars and you make it more difficult for other guy to get a billion dollars it makes the first guy's billion worth more. Guys like Soros and Buffet are not only well aware of this, it is obvious at this point they are for higher taxation to protect their own positions in the world. Hollywood may not be consciously aware. But it is obvious higher taxation would not affect their lifestyles but would make them feel good abt the vast fortunes they accumulated while other Americans are not so lucky. FWIW one of them,(HOllywood iddiots) do not remember whom at this point was asked abt the avg salary in this country and he responded he thought it was abt $250,000/yr-tells it all pretty much. __________________ "An inexhaustible good nature is one of the most precious gifts of heaven, spreading itself like oil over the troubled sea of thought, and keeping the mind smooth and equable in the roughest weather." Washington Irving Last edited by Breakage : 09-05-2008 at 09:26 AM.