To: Diana in Wisconsin
And, as Rush, among others, has pointed out, we're approaching the day when that last chart, the amount the top 50% of earners pay, will reach 100%. Soon after that day, a majority of earners, and probably a majority of voters, will pay no income taxes.
If that happens, the situation will be irreversible without some sort of taxpayer revolt. It could get very ugly.
13 posted on
06/17/2007 2:51:11 PM PDT by
The Pack Knight
(Duty, Honor, Country. Friend of Fred.)
To: The Pack Knight
If that happens, the situation will be irreversible without some sort of taxpayer revolt. It could get very ugly.
I pray this country still has it in US to have a revolt. That we don't continue on the socialist slide and become a full fledged socialist hell hole......sitting around not being able to figure out why no one works, why there are shortages, why thousands of people die during a heat wave, why punks run riot in the streets, why health care sucks....
15 posted on
06/17/2007 3:13:52 PM PDT by
socialismisinsidious
( The socialist income tax system turns US citizens into beggars or quitters!)
To: The Pack Knight
"It could get very ugly."
When it gets to that point, it's going to be beyond ugly.
Think of it this way; those really wealthy folks that are paying the majority of taxes already have found every conceivable legal loophole available to them as it is...and they STILL pay through the nose.
I'm hardly a 'Nattering Neighbob of Negativity,' but when push comes to shove, I'd quit earning a taxable income if I were them. ;)
We ARE heading down a slippery slope. The number of people "on the dole" these days is staggering. The amount of tax dollars currently directed at Health & Human Services looks like this:
The only thing gaining on that is the Ponzi Scheme known as "Social Security." And it's not even funded in actual dollars!
16 posted on
06/17/2007 3:16:23 PM PDT by
Diana in Wisconsin
(Save The Earth. It's The Only Planet With Chocolate.)
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