Originally posted by -SpectraL
If you allow them to tax billionaires 50%, they won't be taxing billionaires 50%, they'll be taxing YOU 50%.
no...the billionaires would get taxed 50% then the billionaires would increase the price of what theyre selling and at the same time reduce the wages/benefits to their employees...meaning by the time all is said and done theyve increased their income 75%
as evidenced by worldwide reductions in pay and benefits to the working class while goods have increased in price while the 1% has the highest gross-income/definable net-worth that they ever have since records have been kept.