Wealthy Investors Could Be Paying Our Deficit Down To Zero...With No Downside For Americans
Aug 16, 2019 15:16:01 #
I am including wealthy investment managers in this category, the Wallstreet investment world has thousands of people making incomes called bonuses and commissions that get taxed at a rate based on lower tax investment returns versus the income they are.
The top 25 hedge fund managers get over a billion dollars a year in income, bonuses, and commissions. The number of investment managers and CEO's making over a hundred million a year is staggering, and over ten million there are thousands. Any income over a million dollars is substantial, and any part derived from bonuses or commissions needs to have a full pop tax that is at least 30% in real tax revenues that have few shelters, they are income and need to be taxed as such.
Then there are the investors themselves, those who have millions to tens of millions or more invested in the market. Short term investments of less than a year should be hammered, they serve no purpose to the market besides leaching money out without making any long term commitment to investing and backing corporations and adding to their stability. Owners of companies that take shares out they have been given should be hammered so as to promote keeping money invested in their own companies.
Wealthy investors and CEO's get breaks on income earnings that there is no reason to give them, and it is a proven fact that people leave money in companies rather than pay higher taxes on it. Give someone free money they don't have to pay taxes on and they will take it out when they have no real reason to.
Working people work hard just to make a living, my attitude is that they deserve the break in taxes, they will spend the money just living, and working people could use extra money just to get some of the nicer things in life. Meanwhile working class republicans seem to see nothing wrong with wealthy people getting vast breaks in taxes while they are struggling to make a living. The less people are struggling the bigger the breaks they are getting.
We are giving the wealthy in this country so much money they have no reason to get that we would not have a deficit if they paid even a fair share according to what they make.
The top 25 hedge fund managers get over a billion dollars a year in income, bonuses, and commissions. The number of investment managers and CEO's making over a hundred million a year is staggering, and over ten million there are thousands. Any income over a million dollars is substantial, and any part derived from bonuses or commissions needs to have a full pop tax that is at least 30% in real tax revenues that have few shelters, they are income and need to be taxed as such.
Then there are the investors themselves, those who have millions to tens of millions or more invested in the market. Short term investments of less than a year should be hammered, they serve no purpose to the market besides leaching money out without making any long term commitment to investing and backing corporations and adding to their stability. Owners of companies that take shares out they have been given should be hammered so as to promote keeping money invested in their own companies.
Wealthy investors and CEO's get breaks on income earnings that there is no reason to give them, and it is a proven fact that people leave money in companies rather than pay higher taxes on it. Give someone free money they don't have to pay taxes on and they will take it out when they have no real reason to.
Working people work hard just to make a living, my attitude is that they deserve the break in taxes, they will spend the money just living, and working people could use extra money just to get some of the nicer things in life. Meanwhile working class republicans seem to see nothing wrong with wealthy people getting vast breaks in taxes while they are struggling to make a living. The less people are struggling the bigger the breaks they are getting.
We are giving the wealthy in this country so much money they have no reason to get that we would not have a deficit if they paid even a fair share according to what they make.
Aug 16, 2019 15:20:15 #
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