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fasttense

(17,301 posts)
9. When the filthy rich and corporations are NOT taxed enough,
Fri Sep 28, 2012, 10:25 AM
Sep 2012

They put their money in quick return, over night schemes like Bain capital. The money is flowing, they have no concerns about losing value if they pull their money out of investments. They rapidly move their money from one fast return investment to another. Then bubbles and crashes come rapidly.

If their money is heavily taxed, they tend to leave the money in businesses and invest in more secure, less risky ventures. They know they will lose some of the value through taxes if they constantly move it around and they don't have as much ready cash to waste on risky ventures. More stable and cool headed investment strategies are used when the excessively wealthy are made to pay their fair share in taxes. The fair share the filthy rich pay in taxes should equal the percent of the wealth they hold.

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