Sunday, July 27, 2014

...until money made with money is taxed higher than money made by one selling one’s labor.

"Not a thing will get better in the USA until money made with money is taxed higher than money made by one selling one’s labor.
Mitt Rmoney, and everyone like him paid at 13.8% in 2011 as they did in 2010, 2009 etc., and it continues that money made with money is consistently taxed at a far lower rate than money made by selling one’s labor.
Some people call for money made with money to be taxed equally as money made by working for a salary, but in truth, money made by selling one’s labor to another is far harder to earn than money made by phoning or emailing one’s broker or hedge fund manager, so.....
Money made with money should be taxed at a far Higher rate than money made by money.
I repeat, in the single year of 2011, Rmoney paid 13.8% federal tax on 30 MILLION DOLLARS INCOME.
A teacher or cop or fireman paid about 30% on 60K, if they made that much.
If that equation does not radically change, then all your politics and campaigns and “progressive” heros don’t amount to shit"

                                                       

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