…in absolute terms the upper class has MASSIVELY higer incomes and, as a result, even more massive disposable income (that which remains after “living expenses”), even with taxes. Over the years, those monies are compounded and result in huge disparities of wealth in a relatively short while. That is what we are now seeing. There comes a time when a balance must be attained.
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jfckette (sp) claims that the top 1% have no control over taxes because “mob rule” will force their rates higher. I couldn’t disagree more. That 1% has FAR more control over all our laws than the bottom 99% ever will. They **own** the damn government!!!! It’s all about campaign contributions and networking with corporatists and politicians. It’s the productive saps (those who actually **work** for a living, not collect passive income) who have no control over money flows.
He who has the money has the power. He who has the power has the money. As wealth is concentrated into fewer hands, the power of those wealthy will grow, and they will do everything in their power to direct money (and power) back to themselves in a never-ending spiral.
This nonsense about the rich being taxed into poverty is a lame attempt to fool J6 into thinking the rich are having an increasingly difficult time making ends meet. B*llsh@t!!!!!
If the rich think it’s so much better being a working stiff (and paying “less” taxes), I’m sure people would line up around the globe to trade places with them!
