Ken Brunt said:
Ralph, I've read those numbers in a few sources, and what they control doesn't interest me.They earned it, it's theirs, they can do with it what they please. They don't stuff it in a mattress, they invest it in our economy. And if congress continues to keep taking more and more, they'll find other places to invest it.
The way I see it, our gov’t already is way too encompassing, way too intrusive and way too manipulative of our economy and our lives. The more of our own money we can keep the better off everyone is. Rich and poor. Our Constitution reads " Of the People, By the People and For the People", that includes rich and poor.
Bottom line is, if they don’t keep spending under control, just how much will they eventually need?
"According to economists Gerald Prante and Andrew Chamberlain, the top 40% of households redistribute $1 trillion each year through the tax code to the bottom 60%. And yes, that includes the middle class.
By the way, the top 5% of earners — those squarely in Obama’s tax-hike cross hairs — already pay 60% of all taxes. Obama’s changes would skew that further.
Worse, many of Obama’s “get the rich” tax hikes are really targeted at successful small businesses that create nearly 90% of all U.S. jobs. Among tax filers with adjusted gross incomes of $200,000 or more, some 67% report small-business income."
The source of those numbers, Ken.
They don’t jive with the numbers I’ve seen in the past.
As for “they’ve earned it”, if a thief steals everything you own…has he earned it?
There are many ways to steal. Bill Gates stole MS-DOS and sold it to IBM. A well known fact.
The fact of the matter is, some wealthy people earned their money…the late Sam Walton comes to mind.
Many others “earned” their money in much less noble ways.
A new number I just saw the other day…the top 5% underpay their taxes by 75%.
As I say…there are many ways to steal.
There is a reason Jesus said ““It is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God” (Matthew 19:24).”
Most(not all) people get rich by taking advantage of others. Those in the commodity markets come to mind. Provide no service, drive up prices to the rest of us, to “earn” their money. Legal yes. Moral no.
Ralph