Posted 6 years ago on March 11, 2013, 7:05 a.m. EST by factsrfun
from Phoenix, AZ
This content is user submitted and not an official statement
Here’s a link to a story on the French 75% rate talking about people leaving the country among other things.
Interesting thing here is that it was not ruled too high as some would have you believe but it was ruled unfair because some income was treated differently from other income, as a result people making the same amount could face different tax rates depending on how they made their money.
Does that sound familiar to anyone?
Is it not simply a fact that if we raise taxes to a certain point very wealthy people will simply give up their citizenship as one of the founders of Facebook did before it went public. Is denying that fact somewhat like denying climate change?
In some ways it may be, but it may be a price worth paying, to not do so is to give up on democracy completely. In America we have not yet experienced outright corporate blackmail; however states face it all the time. The blackmail that says if you enforce policy supported by most of the people who live here, we will take our business elsewhere and you will lose jobs. When faced with bending a knee and going hungry almost everyone bends the knee once children are involved and they almost always are at one time or another. We should remember though that those corporations are ran by people, so when we bend our knee to them, we are bowing to Them, (and their children after all the death tax being evil and all)
State after state has decided to offer special treatment to the people who own corporations at the expense of the people who elected them. The people can often be convinced that it is the best thing to do, give privilege to some so they will allow you to work, as we do with cap gains and dividends, it is a form of government that is as old as time, much older than democracy, it is up to us if it will outlive democracy.
Monarchy or Democracy the choice is ours, but will we make it or will They?