Dickmilde, I find it so ironic that you use examples of excess wealth as an argument against taxes, rather than an argument FOR taxes.
Who do you think is buying those private jets for $50.5 million with $2.5 million of yearly upkeep? The kind of person making just enough money that a tax hike would discourage them from buying that luxury?
Please....
We can raise the taxes for those bringing in multi-millions per year to obscene amounts, and they'd still be buying jets, yachts, and private islands.
Don't believe the argument that we have to lower their taxes to get them to buy luxuries, or that we need to sacrifice helping the middle class, so that the upper 1% of the country can get the tax break they need to hire a personal chef - and that somehow all the goodness of that purchase will "trickly down" to people like you and me.
That's the biggest Right-Wing lie there is. Up until Reagan's administration, people bringing in several million dollars of income were taxed at a hefty 90-something percent marginal rate! That is, the government taxed them at more than 9/10ths of what they "made", and what do you think happened? Well, look at history - the 50s, 60s, and 70s were among the most prosperous in middle class American history, because all that wealth from the top-1% was successfully "redistributed" to everyone else.
Now we have people making arguments that we should cut taxes even LOWER, when the 35% top tax bracket is but a fraction of what it was before Reagan, not to mention all the tax loopholes created for the rich, so they can make all kinds of investments that don't make sense for anybody else - and keep all the money.
This nation has been turned upside down to give more money to the rich, and now the rest of the population is hurting. You want to do something about it? How about you stop pretending that we need to do MORE for the rich, and start taxing them the way LBJ and Eisenhower did (P.S. Eisenhower was a Republican).
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