Why would a tax on the super rich cause riots? And didn't the us have some tax bracket like that in the past? If I remember correctly it was even higher for the wealthier.
Insane tax rates are not going to work. The super-rich will just migrate to some other country, taking their assets and businesses with them. Millions of American citizens will be left without a job, and this will cause social unrest.
You are right when you say that in the past the tax rates were high. For example, in 1944 the tax was 94% for those in the top-most slab (annual income greater than $200,000). However, such high rates can't be implemented today. It is not practical.
Not sure how much worse it would be as things are going. Many of the businesses that would leave already avoid taxes through all the loopholes. And end up paying little of what they should. The burden being shifted to ordinary people with time. And much of the money the rich have isn't circulating in the economy. Except for occasionally buying a jet or two. And for financial gambling.
Why would a tax on the super rich cause riots? And didn't the us have some tax bracket like that in the past? If I remember correctly it was even higher for the wealthier.
Insane tax rates are not going to work. The super-rich will just migrate to some other country, taking their assets and businesses with them. Millions of American citizens will be left without a job, and this will cause social unrest.
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With a 'one-world' political and monetary system, where are these 'super-rich' going to go?
In practice they will probably go anywhere they like and be quite happy since it is they who will be designing the system, but this will certainly be an element of the sales pitch used to sell it to the Bernie-bot class. As Thatcher says,
Socialism works OK until you run out of other people's money. Making sure that said 'other people' cannot escape before being fleeced will have a powerful marketing potential.
Not that sanders is proposing this. But I would go for something like codetermination for example. And promoting cooperatives and things like that. Make sure workers are represented when decisions about the business they work in are made. That would impose limits on what the owners could do. Sure. But it isn't fleecing them. And would have real impact in the life of most people, not just marketing. And it isn't new. Nor codetermination, cooperatives, etc. Nor the need to limit businesses. Like not allowing child labor, sexual exploitation of workers, etc.
We're Going To Kill Donald Trump - Says 3-Year-Old Mexican Girl Being Brainwashed by Her Parents Sad.
Is that sanders fault too? Or was it and the last post to go to the trump thread?
