And yet the US has more billionaires per capita than any other country - go figure.
In April of 2000, before Bush was President, before the Bush tax cuts, Kotlikoff, the Fairtax economist said the (income) tax rates need to be 25% higher...He also said the sales tax rate (not the phony "inclusive" Fairtax rate) would have to be 43%...But don't worry, he also said the sales tax rate could be reduced by taxing homeowners on the rental value of their own homes...A classic example of an "expanded base".
And yet, the misinformation put out by you is amazing. Go figure:
As 2002
in terms of billionaires per capita, the United States is beaten out by Switzerland, Hong Kong and Singapore. Switzerlands population of 7.2 million includes 13 billionaires, while 12 of Hong Kongs 6.7 million people are in the club. Singapore comes in third, with 5 billionaires among 3.9 million people. Surprisingly, Sweden comes in fifth after the United States in the billionaires per capita category. Known for its egalitarianism, Sweden nevertheless has six billionaires among its population of 8.9 million.