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bmac19gg

(96 posts)
4. ya pretty much
Thu Oct 30, 2014, 02:23 PM
Oct 2014

Not North Korea but certainly somewhere else. Use France as an example. The people rallied behind Hollande's rhetoric, which was similar to some of the class warfare narratives we hear in the US, giving him a mandate to take an overly aggressive stance on taxes for wealthy people. France's rich decided they didn't have to stand for having massive taxes levied against them while being insulted in the media and by their own leadership, so they left. And it wasn't only individuals packing up their millions/billions and heading to more friendly lands but also companies. That hurt France, badly, and now President Hollande is walking back his bad play.

I know having a hatred of the rich has become a pretty common characteristic in recent years and its not like I don't see where it comes from but we cant become thugs out to steal from people we don't like. You say "freeze their assets" but what of the 5th Amendment?

So back to my original question, how do we raise taxes on the rich and not piss them off in the process. I don't have a complete answer but surely the start of it goes something like "first stop demonizing everybody that has money". There are a lot of smart people out there and hopefully working on this but if you tell me the only way to even out the stakes of wealth for Americans is to have government steal it? ....I'm sorry that just doesn't fly with me.

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