Cancel 2016.2
The Almighty
The question is...do we want a country where 3% of the people are billionaires or millionaires, and the rest make the equivalent of $50K a year?
Because that's kind of where it's headed...
As long as we level the playing field... yes... I want those like Oprah, Gates, Dell, Walton etc... to enjoy the success they brought themselves. That said, fuck Zuckerberg, that guy is a douche bag... take everything he has.
Ways to level the playing field:
1) ALL sources of income taxed at the same rate.... the bulk of the wealthy get their income predominantly from dividend income and long term capital gains... these sources should be taxed at the same rate as ST gains and earned income. All muni income becomes taxable and the cities/states can simply pay the same rate as other taxable entities. If they want to offer State income tax exemption... fine... that is up to the states, but no way should it be federal exempt.
2) All loopholes/deductions/subsidies eliminated... they predominantly favor the wealthy
3) Corporate income tax eliminated.... it is a highly regressive hidden tax on consumers