You all know why the trickle down effect is crap, right? Let's test this, do any of you know WEALTHY (Over $10 million liquid assets) people? Have you ever seen them blow a bunch of money? Do you think they got that way by sharing their wealth with others or by building it, investing it intelligently and making shrewd business decisions (many of which are to pay people as little as possible to retain them)? Bill Gates doesn't even tip people. The mindset of the wealthy (not the rich) is to keep that money. Warren Buffett has the same house since the '50s and the same old Lincoln Town Car.Â
Everyone who espouses that tax CUTS for the rich will help us is a moron. How about this, flat 15% tax for everyone, period. No loopholes, no deductions, nothing. Estate tax, capital gains, EVERYTHING is a flat 15%. Â IRS, go away, people will pay 15% flat on all earnings. Sound good to you? If you're not in the Top 5% I bet it does.Â