Skip to comments.Are high-income taxpayers the enemy?
Posted on 11/29/2011 7:19:23 AM PST by SmithL
It's difficult to divine exactly what the Occupy demonstrators in California cities and on university campuses are protesting.
We needn't weep for the wealthy; they can take care of themselves. But their incomes are much more volatile than those of us who earn paychecks because they are much more dependent on capital gains from stocks and other investments, and when recession hits, their income streams decline sharply.
That's where the effect on college fees comes into the equation.
California has a particularly progressive personal income tax system, which means that it's extraordinarily dependent on high-income taxpayers.
In fact, the top 1 percent of taxpayers generate about half of the state's income taxes, and income taxes constitute about 60 percent of the state's general fund revenues.
Logically, therefore, those campus demonstrators should be praying for the much-despised one-percenters to enjoy big increases in their taxable incomes
(Excerpt) Read more at sacbee.com ...
Logic is town that bus never stops at
It's not the Rich vs. Poor. It's the Makers vs. the Takers. You have Takers at the bottom of society and Takers at the very top of society. They have one thing in common. They don't work for their ill gotten loot. They use the power of the State to extract wealth from the Makers.
Sounds like you need to get a tent and go occupy something
Rich people make jobs for folks——like it or don’t