There Aren’t Enough Millionaires - The rich can’t fund our deficits.

Based on what he said, Moore should be a HUGE supporter for income tax reform right from the start.

Here's the problem: our current income tax system ends up discouraging economic upward mobility, and the rich can afford to hire the best tax lawyers and accountants to hide their net worth by offshoring a huge fraction of their net worth in offshore financial centers located beyond US borders so they can't be touched by the IRS. (Care to explain all those "banks" in various Caribbean island nations? Especially notorious are the Cayman Islands, British Virgin Islands and the former Netherlands Antilles when it comes to these "banks".)

Under Steve Forbes' flat tax proposal and FairTax proposal (H.R. 25/S. 13), such shenanigans don't need to exist anymore, since bank account interest, capital gains and stock dividend payments are no longer subject to taxation. This would bring back something like 90 to 95 percent of the (by some estimates) US$16 TRILLION in American-owned liquid assets now either participating in the underground economy or sitting in an offshore financial center as a means of evading taxes. Can you imagine what would happen to the US financial system if we can bring 90-95% of that US$16 trillion back?

The richest people in the country are leftists.

It is not an envy thing, it is a manipulation of the poor thing.

Back in the thick of the cold war, the elite communists lived just like the elite capitalists.

They all still hang out together.

Thanks neverdem.

And it should be obvious that, the larger the deficit, the more money is borrowed, and the more interest must be paid. And most of that money is loaned to the government directly or indirectly by the rich.

And guess what — that makes those already rich even richer.

They have to pay taxes on the interest, but that’s a fraction.

And even the biggest a-hole left-wing Demwit jackoff should be able to understand this.

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