Speaking of economic incentives. It seems those poor old billionaires don't have any incentive to make money because of the onerous taxes.
A few weeks ago I had a right wing sycophant try to convince me that levying taxes on rich people creates a disincentive to work on their part. Huh?
The logic goes that it's more lucrative to work less to keep from paying taxes.
So follow the logic: A billionaire who pays taxes at 50% on a yearly income of a billion dollars would rather not make half of a billion dollars instead of having to pay taxes. Really?
I don't know about you, but I'd be more than happy to make 10% of a billion dollars ($100,000,000.00) and pay the remaining 90% in taxes than not make anything at all.
Welcome to the new ideology: Stupidity.
No comments:
Post a Comment