Originally Posted By: Wolfgang
Originally Posted By: sinij
Originally Posted By: Kaotic
Either way the number of assertions you can reasonably make from this one graph are very few and very general.


One assertion that you can and should make is that wealth does not trickle down, rather it is very evident that it concentrates at the top. This leads to inevitable conclusion that the only way to address wealth inequality is via progressive taxation.


They already pay 35% what do you propose? 50,60,75%? Because under Obama's taxation on millionaires and billionaires ( you know those millionaires & billionaires that make $250K a year) would rise. Where would you start the tax hike and how much? Remember, you're trying to be FAIR!



Where I would change our tax code? First, I'd start by stopping mortgage interest write off, it distorts the market. Second, I'd tax capital gains as a regular income. Third, I'd create legislation to penalize (in tax code) one-time bonuses with intention of shifting to long term share purchase options. Last but not least, 1mil plus needs to be a lot higher than it is now and/or loopholes need to be closed.

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