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Thread: Could a Government tax the Rich so high that the Rich end up with very little money left i

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    Question Could a Government tax the Rich so high that the Rich end up with very little money left i

    Could a Government tax the Rich so high that the Rich end up with very little money left is this possible that Progressive Taxes on both income and savings could make the incomes equal ?

    http://en.wikipedia.org/wiki/List_of...ncome_equality



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    No.
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    Quiz: Test Your "Income" Tax IQ!

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    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

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    Your post confuses me. Are you asking if the government could totally equalize everyone's income? In that case then yes they could. It would destroy society as we know it though due to a terrible misallocation of resources.
    -Molinarian-

  6. #5
    if they chose to stay.
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  7. #6
    Quote Originally Posted by aid632007 View Post
    Could a Government tax the Rich so high that the Rich end up with very little money left is this possible that Progressive Taxes on both income and savings could make the incomes equal ?

    http://en.wikipedia.org/wiki/List_of...ncome_equality
    Yes, a horrible and unjust government could do that. That is the goal of Communism.

    Do you support this idea?
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  8. #7
    Quote Originally Posted by AquaBuddha2010 View Post
    Wut
    A great description of my thoughts as well.
    -Molinarian-



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