Reply #33: I have read arguments that indicate that it is economically advantageous to tax the wealthy

[RainDog]

Here's a look at the distribution of wealth in the U.S. as tax rates for the wealthy have fallen:



Here's a look at the effect of the Bush tax cuts. (you can download a pdf of the info at the link, below.)

http://www.americanprogress.org/issues/2009/02/bush_rec...

Supply Side Tax Cuts Failed to Deliver Jobs and Growth Between 2001 and 2007

...the economic cycle that began in March 2001 and ended in December of 2007—which almost exactly coincides with the Bush presidency and the implementation of the Bush tax cuts. This period registered the weakest jobs and income growth in the post-war period. Overall monthly job growth was the worst of any cycle since at least February 1945, and household income growth was negative for the first cycle since tracking began in 1967. Women reversed employment gains of previous cycles. And for African Americans, the worst job growth on record was matched by an unprecedented increase in poverty.

If investors want to create a "capital strike" I and many others I know would be happy to go in with billy clubs and bust a few of their arrogant heads. You know, like the Pinkertons did to miners, that sort of thing. Good for the goose, all that.

They worked to manipulate the election by withholding investment in the time leading up to the election. For that, in and of itself, I would be happy to string as many of them as I could up by the nearest lamp post until their eyes popped out of their heads. Along with their asshole spouses who benefit from this manipulation for these greedy miserable fucks.

Funny but only in America are the wealthy such asshole motherfuckers that they think they have no obligation to the common welfare of this nation. Or rather, I should say, America is the only western democracy whose elite are such worthless pieces of shit that they think they are entitled to bring down the rest of the nation by their pissy refusal to acknowledge they do not deserve the inequality they foist upon the rest of the nation's people.

The value, however, of taxation is evident in the continued growth of Sweden and Germany, for instance. Policies that require manufacturing in the nation, rather than outsourcing, is another way those nations have maintained a healthier economy than the U.S.

Study after study indicates that tax cuts have negative effects for the nation because the wealthy merely horde their largesse or engage in casino gambling on the stock market among themselves - and, yeah, those activities have really worked out well for American economic health...

If things do not change, there may very well come a time at which a tipping point is reached - when enough people are unemployed, have lost their retirement savings, have lost their homes - that they are as angry and willing to act as the peasants and lawyer class of the French Revolution. Personally, I would not shed one tear if the "aristocrats" in this nation were treated just as they were back in the day when the guillotine was a la mode.

In other words, they can threaten to hold this nation hostage - and, if so, I hope they are treated like economic terrorists.

People have fucking had it with the collusion between the wealthy and the govt. Those who fail to heed the signs are fools.