Class warfare is THE talking point by President Obama, the Democrats and the Occupy folks. Big labor wins in Ohio and the workers celebrate their costly victory. The State of Ohio has no way to pay off its $8 Billion in debt except to raise revenues which will only cause corporations and affluent folks to leave to escape the burden. Ohio is not competitive now and will not be in the future.
So I give up. I am on board with the Progressive Liberals Socialist that dominate Newsvine. With that I publish my new plan to speed up our drive to the Worker's Paradise the Socialists seek. This is the flattest tax yet presented and it will punish those who dared to earn their wealth on the backs of the workers.
The Plan for Individuals
This will appeal to the glorious Workers Paradise here in the USSA.
- Let's tax every earned dollar over $10,000 @ 10%, max take home $9K
- Let's tax every dollar over $20,000 @ 20%, max take home is $17K
- Lets tax every dollar over $30,000 @ 30%, max take home is $24K
- Let's tax every dollar over $40,000 @ 40%, max take home is $30K
- Let's tax every dollar over $50,000 @ 50%, max take home is $35K
- Let's tax every dollar over $60,000 @ 60%, max take home is $39K
- Let's tax every dollar over $70,000 @ 70%, max take home is $42k
- Let's tax every dollar over $80,000 @ 80%, max take home is $44K
- Let's tax every dollar over $90,000 @ 90%, max take home $45K
- Let's tax every dollar over $100,000 @ 100%, max take home $45,999
No person will bring home more than $45,999 a year under this system. As you can see, extremely flat is the only way to describe it.
There you go, the recipe for Socialism (and the Soviet System). The fat bloated government will get huge and most folks will work for the government. Unemployment ends, everyone works! Welcome to paradise.
The Potential Downside (ignore this part if you are liberal)
- The resulting impact on the economy is the end of capitalism and the end of the United States.
- All people with money will flee as fast as they can.
- The best and brightest will sink to the lowest common denominator, after all, why work hard to get multiple degrees and work long hours for a couple of thousand bucks.
- All corporations will flee to friendlier climes or be owned by the government
- The malaise will descend on this nation at light speed.
That'll show those rich bastards as the country dissolves. Cut the nose off to spite the face.
That is what you class warfare folks are seeking. Hold the mirror up and stare at yourselves for a while. Is this what you want?
Funny, at least the Chinese understand the value of capitalism. Even the Russians understand it. American Liberal Progressives do not.