soak the rich
can we afford to soak the rich with my proposed income tax system? it is the rich people who invest in new companies and new technologies. will our economy come to a grinding halt because there are no more rich people to drive it? i don't think so. the money will still be out there. it will be spread out over many people instead of held by a few. what will the average joes do with their newfound wealth? they'll either spend it buying consumables (and drive the economy) or they'll invest it (and drive the economy). some of that investment money will go into things like mutual funds that pool the monies of many people together to make large investments that are controlled by a few individuals. not much changes as far as the economy is concerned.