"Tax the rich" explained short and sweet

[SHRED]

Found this post and had to share.

"...calling the rich "employers" is just another ploy that the ruling elite media moguls have promoted to the masses to get them to side with their agenda. Tax cuts for the middle class are more important because they spend all of their money one way or another domestically- thus stimulating the economy. The rich hoard more of their personal wealth including buying up U.S. debt instruments partly created by giving themselves the tax cuts. 100% of the amount of money "the rich" spend on hiring "employees" is tax sheltered as a business expense. Another words, all employees are hired and paid for with before tax dollars. Why have so many been duped into believing that the rich only hire employees with "after tax" dollars??

If they want to avoid taxes, hire more people, grow their business or market share, and then they can eventually enjoy far greater rewards of capital gains. That's how the tycoons used to get rich, investing in their business to avoid taxes on the net. The "net" is mostly used for trips or villas abroad and a new Mercedes for Porsche and Buffy."



http://acapella.harmony-central.com/showpost.php?p=40872172&postcount=20

[Warpy]

1. Even Hoover was smart enough to realize their taxes needed to rise

Unfortunately, it was too little, too late to undo the damage a 25% top marginal rate had done to the country.

[maryf]

2. K&R

handy info to have...thanks

[PSPS]

3. Note that the period of highest top marginal rate was when the US was an economic giant.

Until saint ronnie began the systematic destruction of the country, we were a net creditor nation and a manufacturing juggernaut. One wage earner could support a family, send the kids to college, buy the occasional new car, and even take a two week paid vacation! All on a single income! Hey! They had actual living-wage jobs back before saint ronnie!