Posted on 05/06/2014 10:08:55 AM PDT by SeekAndFind
In the heated debate over inequality, the wealthy are usually portrayed as the cause rather than the solution.
But CNBC's first-ever Millionaire Survey reveals that 51 percent of American millionaires believe inequality is a "major problem" for the U.S., and nearly two-thirds support higher taxes on the wealthy and a higher minimum wage as ways to narrow the wealth gap.
The findings show that—far from being a purely self-interested voting bloc—American millionaires have complicated views when it comes to the wealth gap and opportunity in America. They are unashamed of their own wealth and attribute their success to hard work, smart investing and savings. They also believe that anyone in America can get wealthy if they work hard.
Yet millionaires also believe that cultural and family issues prevent many Americans from climbing the wealth ladder. They advocate improved education, higher taxes on the wealthy and better savings incentives for the poor and middle class as important changes that would reduce inequality.
The CNBC Millionaire Survey polled more than 500 people with investable assets of $1 million or more, which represents the top 8 percent of American households. The respondents came from around the country and were split between Democrats, Republicans and Independents.
(Excerpt) Read more at nbcnews.com ...
Tell them we want a wealth tax instead of an income tax and see how quick these millionaires change their tune. These A-holes made it to the top and now want to make sure no one else can earn his way up.
How about a wealth tax instead of an income tax?
95% of wealth exceeding 10 million US dollars is taken?
Amen brother
So, half the rich sampled have things to do with their wealth, and the other half lack imagination?
surveyed: “investable assets of $1 million or more”
These jerks do not understand the difference between income and wealth. Wealth is capital, income is a means to accumulate wealth. When you target income, you disarm anyone attempting to gather wealth, nothing more.
Yeah, If I were sitting on a few hundred million, I’d have no problem with the income taxes on the upper income earners going up to 99%, as long as I was out of the salary stream.
Yes, inequality IS a big problem here. Social unrest and possibly chaos could be the result. Plenty of historical examples point to this.
The way to address this problem is, and always has been, to employ the free market in all areas of our lives. I mean the really free market. Devoid of onerous regulation, multitudes of senseless laws, and the hostile legal environment.
Strictly adhering to the letter and spirit of the Constitution would be a great start.
Under a free market system,
all those who might “riot” because of inequality
are too lazy to get off their butts and do so.
this is NBC, so this is a poll of Marxists who live in NY and maybe kalifornica. has no meaning or credibility.
We have a winner! Too bad so-called journalists are too clueless to ask this question. Hey, how about a wealth tax instead of an income tax? Watch them back away from that.
Income taxes keep the aspiring upper middle class riff-raff out of their neighborhoods. Calling for higher taxes makes the rich elite feel good about themselves and fool the ignorant who think these jerks really care about the poor.
They think they are too smart and powerful to get caught. A certain part of the French aristocracy had the same mistaken belief.
No pay, no vote.
why even raise taxes then? just have the millionaires who feel they have too much money give it all up. Problem solved.
Fortunately, the wannabes outnumber the already-got-its yearning for social acceptance.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.