| Given the recent utopian ideas by the Dems, I thought some articles would be interesting. I admit that I am taking the short cut approach and simply reproducing articles from others. I would prefer researching independent sources (or supposed independent sources such as the Census or other government agencies), but I wasn't able to quickly arrive at the numbers. Another source would be to find the total value of the US Stock Market or perhaps a Forbes calculation of the wealthiest people in the US. I welcome someone to provide research to confirm whether the statistics below are in fact accurate. Assuming (and I know what that means), these numbers are correct, the real impact of sticking it to the rich to solve our problems is an absolute lie -- and the Dems know it. They are simply pandering to the masses that want something for nothing. I am referencing two sources for ways to solve our budget issues. One is taking the net worth of the wealth and another to take the net income of the wealthy. Of the two alternatives, a one time tax confiscating income would be far more preferable than taking the net worth of the wealthy. Government confiscation of the net worth of the wealthy would prohibit future accumulation of income on which to tax. Assuming the gov't could keep its greedy hands off the yearly income and vow to take only one year of so called wealthy people's income would still not help tremendously. However, taxing 100% of income every year would totally eliminate the incentive to produce income, regardless of net worth.http://www.americanthinker.com/articles/2011/03/confiscate americans wealth to.html |