Skip to comments.U.S. Consumers Growing Less Supportive of Tax-the-Rich Plans. More consumers are saying wealth taxes could hurt the economy. Wealth tax may cut wages more than $1 trillion, economists say.
Posted on 01/31/2020 6:47:51 AM PST by karpov
No excerpt from Bloomberg allowed, story here. The article says the number of consumers who thought raising taxes on the wealthy would help the economy fell from 49% in 2018 to 43% in 2019, and the number who thought it would hurt rose from 22% to 31%. It is based on a University of Michigan survey.
They finally figured it out. Companies want to grow...not feed the government.
He provides jobs and the promise of a rebirth of upward mobility and return to promise of The American Dream instead of the economic decline and promise of perpetual unemployment of the Obama years
People are working, making money and they are far too busy to brood and nurse their resentments over the rich
Socialist economics simply do not work. Never have and never will. Taxing "the rich" does hurt the economy, top to bottom.
What the leftist / socialists mean when they say "the rich" is very different from what you or I might consider rich. To a socialist, if you're not living in a hut and grovelling for a handout from your wise and benevolent leaders/betters...then you are "the rich." The leftists want, no demand what you have - time/money/land/resources - to redistribute as they see fit, in the name of "fairness."
The wealth PRODUCES more wealth in the market. Do takers produce anything in return? Walmart appreciates it but production is missing in the takeaway.
Besides, in Progressive speak, The Rich = Taxpayers
Now that all the previously unemployed young graduates are working instead of living in mom and dads basement filling out Antifa and Occupy Wall Street propaganda, they have become working taxpayers who are now the rich the progs want to tax to death. Its always been axiomatic that college students are liberals until they graduate and get a real job in the real world. Part of Obama's evil genius was recognizing this fact and engineering a jobless future for recent college graduates to build a base for his Marxist/Islamist visions of Americas future
Wealth taxes are not permitted under the constitution, would require a constitutional ammendment.
I NEVER had a ‘poor man’ sign the FRONT of my paycheck.....
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