Reply #82: Exactly so ..... [View All]

[gleaner]

One way to achieve an economy which is not an oligarchy is to tax the rich at a rate commensurate with the amount of money they make, hoard and get a free ride.

I used to be an employee of IRS. I worked in an affluent POD, and I was paying tax at a higher rate than most of the very wealthy people I saw. They had the legal tax shelter, investment opportunities which created paper losses to minimize their income and the ability to create corporations as separate entities to run their income through and reduce it before they listed it on their 1040s. I also favor windfall profit taxes and negative tax penalties for the large corporations which move assets and hide them in other countries and bleed the economy by taking jobs offshore.

Will I ever see these things. I doubt it. This is after all the home of the rich and the rest of us. I don't want to be rich myself. I prefer to live simply and leave a small footprint on the earth, but I would like to be able to live without fear of losing what little I do keep and value which is mostly of no use to anyone else. I do not think that is too much to wish for. I am also weary of protecting those who should know better from their own "cluelessness" by giving away pieces of my life. Thanks for your post. You are right as to the what, but the how to accomplish the what eludes me.