They almost instinctively just say well, screw that and leave.
I’d like to know what percentage of the 1% (especially Fortune 500 folk and all the vocal celebrities) will legitimately abide by Biden’s impending tax increases, so that their extra contributions will lead to the betterment of society as-planned. I’d also like to know what the government will truly spend that money on, provided they are fortunate enough to get it in the first place. The other underlying problem is, it’s still likely going to hurt the lower and middle class in the process.
There doesn’t seem to realistically be much of a clear cut solution to our economic issues, unless we can change the worse aspects of human nature.
NYSE chief warns it may exit New York if stock transfer tax is imposed
The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange Inc-owned (ICE.N) exchange operator said on Tuesday in an op-ed in the Wall Street Journal.
www.reuters.com
I’d like to know what percentage of the 1% (especially Fortune 500 folk and all the vocal celebrities) will legitimately abide by Biden’s impending tax increases, so that their extra contributions will lead to the betterment of society as-planned. I’d also like to know what the government will truly spend that money on, provided they are fortunate enough to get it in the first place. The other underlying problem is, it’s still likely going to hurt the lower and middle class in the process.
No, Raising Taxes on the 1% Will Not Lead to “Surprising Amounts” of Revenue
The New York Times recently published an article by Patricia Cohen, titled “What Could Raising TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. es...
taxfoundation.org
There doesn’t seem to realistically be much of a clear cut solution to our economic issues, unless we can change the worse aspects of human nature.