I have been saying for a while to over tax the rich will not work. To me it does not take a very smart person to see where we are going. Back in Bill Clinton's time many companies started leaving the US because they could make more on the bottom line by producing their products in other countries and selling them in the US. We have seen a large amount of companies move due to that still being the case. Profit, bottom line, net, dollars in your pocket, whatever you want to call it that is the case. That fact is not up for debat, it is the facts.
Now if you have not had your head in a hole or in the clouds of denial you are seeing a lot of well to do people leaving the US for places they can keep more of their money and avoid high taxes. Most recent is Tina Turner who has been living in Switzerland for some time and is now giving up her US passport for that country. Also look at Mickelson who did the mistake of talking about it. He got blasted for saying it out loud. He apologized for saying it out loud but not for what he said. Mark my words, more and more wealthy people will be leaving this country for places they can keep more of what they made or are making. We will then be in worse shape then we are now. You can fuse about it all you want, say how bad it is for them to do that and bad mouth them all you want. But they will be leaving just like many companies have as long as we continue down the path we are on right now. emoGeezer Jmax
Go ahead, TAX away!!!
Now if you have not had your head in a hole or in the clouds of denial you are seeing a lot of well to do people leaving the US for places they can keep more of their money and avoid high taxes. Most recent is Tina Turner who has been living in Switzerland for some time and is now giving up her US passport for that country. Also look at Mickelson who did the mistake of talking about it. He got blasted for saying it out loud. He apologized for saying it out loud but not for what he said. Mark my words, more and more wealthy people will be leaving this country for places they can keep more of what they made or are making. We will then be in worse shape then we are now. You can fuse about it all you want, say how bad it is for them to do that and bad mouth them all you want. But they will be leaving just like many companies have as long as we continue down the path we are on right now. emoGeezer Jmax
Go ahead, TAX away!!!