The Siege on the Poor

Don’t let the wealthy, in charge of our media, tell you that you’re not under attack. Class warfare is in full swing in America.

That, my dear reader, is why the wealthy are getting insanely rich while the rest of us are doing with less and less. Don’t listen to the fools that try to sell you the zero-sum-game nonsense. Some would argue that the rich can get richer without taking away from others. This is just plain nonsense.

It takes no more than a sliver of common sense to know that the owners are becoming multi-billionaires while those jobs they provide are receiving far less than comparable jobs in other companies. Too bad the other companies are no longer in business. The rich are getting richer at the expense of the rest of us.

It doesn’t take a rocket scientist to know that the ruthlessly greedy aren’t content to just take from the rich. They take from anyone they can. Kill a needy patient, save a buck.

Does a poor person in America benefit from being an American any more than if they were a citizen in a 3rd world country? Obviously, poor is poor, no matter what country you live in. The poor do not benefit from living in America nearly as much as the wealthy do. Of our tax dollars, the very poor might get $1,000 worth of benefit, but a multi-billionaire receives billions because he lives and works in America.

Who should be paying the highest taxes?

The ignorance of the “Trickle Down Theory” is amazingly deficient. If you have one million poor people with $100, they’ll be spending $100 to survive. Give that same hundred million dollars to a muli-billionaire and he’ll spend absolutely no more than he would have spent without it.  Zero dollars trickle down. Zero dollars are put back into the economy. Trickle-down is a fallacy.
The American dream of making it rich is a wonderful dream that America needs to keep alive. The dream to be a multi-billionaire at the expense of the poor and the middle class is immoral.  Income needs to be taxed based on a combination of net worth and income. If you’re a multi-billionaire, and you make $100 of income, you should be paying 90% tax.

You wouldn’t have made a dime if it wasn’t for the rest of American.

Millionaires are good for America, billionaires are bad. Hence, our tax rates should be something more like:

First 0-$20,000 income, 2% tax
First 20,000 – 50,000, 5% tax
First 50,000 – 100,000, 7%
First 100,000 – 500,000, 14%
500,000 – 1 million, 20%
1 million – 2 million, 40%
2 million – 100 million 75%
100 million and above, 90%.

This means you can make $50 million in 50 years and never  pay more than 20% tax. That’s good for America!