The Mudcat Café TM
Thread #112831   Message #2394261
Posted By: GUEST,Jack the Sailor
21-Jul-08 - 11:59 AM
Thread Name: BS: Rich pay fair share of taxes
Subject: RE: BS: Rich pay fair share of taxes
Number 6

We need "the war machine" to protect the "interests" of the wealthy. Would Dole or Exxon or for that matter Microsoft be as big as they are without our tax dollar bending foreign governments to their will? I think not.

That's why the rich need to pay for that stuff. Because they are the ones that benefit.

"The rich spend the $$ ... do you think there going to stop spending if there is a sales tax? People just can't conceive of the idea of no tax on income. "

#6,

Generally the poorer you are the larger the percentage of your income that you spend. The rich generally invest most of their money, especially marginal increases in income like the Bush tax cuts. More and more the rich are investing overseas, taking the money out of our economy and strengthening our competition. That is why sales tax is regressive and eliminating income tax is bad for the economy.