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A Voice From the 1%

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Re: A Voice From the 1%

#11

Post by Yoms »

How did this get on here? The guy obviously has religiously political views.

I'm not sure what industry he's in, but in many industries it takes money to increase customer demand. And his absolute statement of "Hiring has no correlation at all to profits or to income - none." What? Again maybe in his industry...

If he has so much money left over, why not set up or donate to a charity that helps mining workers in Appalachia? Or invest it in a business?

If you want to make an argument for higher taxes, this is not the way to do it. This is political drivel, and not worthy of HN.

Re: A Voice From the 1%

#12

Post by 13rules »

rauljara wrote: post #9
wccrawford wrote: post #4

"we wouldn't have noticed a 3.5% tax increase." ... Yes, you would. I hear the reasons state, and they're bunk. When you're outside the 5% margin at the end of the year, are you going to say, "Oh, I screwed up" or "It was that 3.5% tax increase!" I know which you'll pick. Rich people generally don't get rich by throwing money away. They aren't going to vote for higher taxes because that takes money directly from thei…

Your assertion that the rich would leave the country is not backed up by historical data. Between 1944 and 1960, the tax rate on the top income bracket was over 90% (it maxed out at 94% in '44). Yet the nation did not lose all it's rich people.

The world is quite different today than in 1944-60. A lot easier to operate from a foreign country, yet maintain communication with others in the US and travel easily back and forth.

This is a bigger problem on the corporate scale because companies can (and have) move overseas and base their operations in countries where they have huge tax and other advantages.

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