As a financial speculator I support a big tax on speculation. I do not want a French Revolution here. The rich here deserve it every bit as much as the French ignobles that were guillotined. But it would cause a terrible civil war, Russian style. That would destroy a generation. So, I support taxing financial speculation. AND A CONFISCATORY TAX ON INDIVIDUAL WEALTH ABOVE $10 MILLION> NO ONE IS WORTH SO MUCH!
I agree with the over 10 million tax...not a confiscation but a large tax on assets over 10 million...75 percent range.
What happens over and over again in history is nepotism starts running wild with the wealthy and then its almost over.....its like when the manager on a little league baseball team plays his son at Shortstop and bats him 3rd even when he sucks...the manager figures that since he was a great ballplayer his son will be...even if he is not now. Whole team suffers and eventually people go play elsewhere.
I didn't realize people were so socialist/communist in the good ol USA :):):) No wonder Mr.Obama got elected.
God forbid one of your kids did well in life and got lets say - 50$ million dollars.
We should be careful what we wish for. If we taxed the wealthy for no fault of theirs, then the real wealth would leave this country so fast, it would make deadbeats that wishing punitive taxes on the wealthy, much more poorer.
God help our nation, we are about to get much poorer.
% trillion dollars missing .....stocks going up amid financial catastrophy everywhere.....add the two up....where did the money go? STOCKS....now they pump the stocks up so they can leave everyone holding the bag....no thanks..I'll buy defensie stocks.