"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation.

You cannot multiply wealth by dividing it."
Dr. Adrian Rogers 1931-2005

Friday, September 28, 2012

Darn Rich People

I am sure glad I don't live in France.  The French  
 government confirmed a temporary 75 percent super-tax rate for earnings over one million euros and a new 45 percent band for revenues over 150,000 euros.

 Ouch.  

Temporary? That made me smile!

Can this happen in the US?

Well Hillary does support a global tax on the elites...

Darn elites.

For the record~on the world economic scale, Americans median household income of $50,502 places the median US household in the top 0.98% of the richest people in the world (Global Rich List).


Double Darn.


For the record a person making $12,000 US is in the top 12.88%.  Be very cautious about taking one person's money and giving it to another...as someday someone may show up for your money, all in the guise of the greater good.  

1 comment:

Glenn B said...

I am pretty sure, it has happened in the USA. When Ronald Reagan took office, the highest income tax rate was 70%. That though was not the highest tax rate ever for federal income tax. The highest rate ever was during the period of 1944 through 1945, when it was at 94% or so. Imagine that, earnin g money and the government taking 94%of it away from you. Had we not been at war, there may have been a revolution.

All the best,
GB