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The real question is: how does not raising taxes for the very wealthy ($250K +/year) help a strapped nation whose poor/working classes can no longer support it?Where's the revenue going to come from if not the extravagant profits of the very wealthy? Although, the incentive argument does hold water. I say that luxury taxes are more appropriate. Tap the trust-fund babies who aren't carrying their weight. I think work should be rewarded as incentive for busniesses to stay. I think the very wealthy should have prove actual earning of their income. Those who are very wealthy from family trust funds and dividends without lifting a finger should pay the highest taxes of all. Wealth with proven sweat behind it should not be penalized.
The real question is: how does not raising taxes for the very wealthy ($250K +/year) help a strapped nation whose poor/working classes can no longer support it?
Where's the revenue going to come from if not the extravagant profits of the very wealthy?
Although, the incentive argument does hold water. I say that luxury taxes are more appropriate. Tap the trust-fund babies who aren't carrying their weight. I think work should be rewarded as incentive for busniesses to stay. I think the very wealthy should have prove actual earning of their income. Those who are very wealthy from family trust funds and dividends without lifting a finger should pay the highest taxes of all. Wealth with proven sweat behind it should not be penalized.
