A “bail-out” for business to supposedly encourage jobs was OK.
Giving business owners a tax break is, however, considered pandering to the rich.
Instead of tax breaks, let’s call them “Hiring Breaks” directed at employers.
If they want to tax the rich..tax the wealth of the countries billionaires who support taxing the income of the wanabe rich. Gates and Buffett could pay say..5% of their total wealth each year..with no deduction for charitable giving.
Why not? Anyone with a net worth over 500m pays 5% a year..
That would be taxing the rich.
Right now everybody over 70 must make withdrawals and pay taxes on their 401k. They could even just make the same rule for the rich. Each year you must cash in 1% of your capital gains and pay tax on it..
Envy’s not a deadly sin for nothing. It has the power to destroy whole living, breathing, healthy economies. Destructive to its core and deadly is envy.