126 million
x 400
50.4 bilion.
So we tax them at 100 percent. This will cover the multi-trillion dollar deficits our fair elected officials run how?
I simply don't understand the idea that we should take money away from those who have shown themselves able to stay within their means and put it in the re-distributing hands of people who have shown, over and over again, that they can't?
"DakotaT" wrote:
You need to quit worrying about the numbers so much and start thinking about fairness. I do not subscribe to the thinking that all the sins in the past should be forgotton and let's just all get along. Maybe vengeance is for the Lord, but what if we are on our own?
"Wade" wrote:
Sorry, no. To my mind people need to realize that you can't solve trillion dollar problems with billion dollar solutions. And that's what any "solve it by taxing the rich more" solution proposes.
And re: "fair" ...
Please, define "fair." And define it in a way that can't be reduced to "fair is what I and the people who agree with me say is fair."
As I tell my students every semester, "fair" is not an economic standard. It may be important, but economics says nothing particularly insightful about it. Fair is for priests and ethicists and parents. Its not a valid basis for
economic decisions. Because there is no way to get beyond "fair is what
I think is fair".
To which I would personally add, "Especially when you're making decisions with other people's money."
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)