Isn't that a little bit arrogant. If people like Fitta feel they are being punitively taxed or exploited, they will leave, taking their talents and wealth with them.
And if you think an extra 1% is all people like Fitta are looking at, you are delusional. The US is in serious shit financially. It's teetering on the edge of bankruptcy even before considering expanded or universal healthcare. Expanding healthcase may push it over, unless the government significantly ramps up collections. The current surtax proposal is just the first shot across the bow. At one point marginal tax rates in the US were 90%. Is it inconceivable that we end up there again with Obama and a democratic Congress capitalizing on populist outrage?
On "Successful New Yorkers" To Be Screwed By Obama, Say 'Post'!
Isn't that a little bit arrogant. If people like Fitta feel they are being punitively taxed or exploited, they will leave, taking their talents and wealth with them.
And if you think an extra 1% is all people like Fitta are looking at, you are delusional. The US is in serious shit financially. It's teetering on the edge of bankruptcy even before considering expanded or universal healthcare. Expanding healthcase may push it over, unless the government significantly ramps up collections. The current surtax proposal is just the first shot across the bow. At one point marginal tax rates in the US were 90%. Is it inconceivable that we end up there again with Obama and a democratic Congress capitalizing on populist outrage?