Well, there's something to be said for trying to stave off that collapse for as long as possible. As for taking money from your paycheck, I totally agree. Anyone who actually receives a paycheck who's not an executive for a multibillion dollar corporation probably doesn't fall into the obscenely rich category (forgive me if I'm making incorrect assumptions about your financial status).
The desire to make those obscenely rich pay more is a good thing (reducing that inequality tiggs was talking about). The problem is that the way people keep discussing to do so is by raising income tax - something obscenely rich people don't really pay anyway. Now, taking a good look at capital gains and taxing the use of corporate assets as something other than personal income would go a very long way toward actually making things equitable without increasing taxes noticabely for those who don't make their luxurious living off those things.
And I'm pretty sure obamacare has a capital gains tax hike in it. If I'm not mistaking, it's gone from 15%-35%. So for me, as a middle-class guy I am, or will be if the hike is true, fully discouraged to make any investments that can't pay out enormously. What I'm saying is that its not only rich guys who can make capital gains investments. I'm in construction for a living and I'd love nothing more than to find a house to flip and turn a big profit. But that extra 20% hike in taxes, plus all the labor and payroll taxes and other general costs of dong business really make the ROI so much less appealing. Hell, if anything, now that I'm thinking about it, raising capital gains tax ensures that almost only rich people can get in on that game because they're going to be the only ones who can afford to make the expensive investments that turn the gigantic profits. Small investments won't be worth it to them and will be unaffordable for middle of the road guys like myself. So I'll label that as yet another example of liberalism producing the exact opposite of its stated intent.
Edited by -Mr_Fess-, 17 December 2012 - 02:42 AM.