The most economically ignorant opinion ever is the call to tax wealth above a certain amount at 100%. The people calling for this don't understand how anything works.
Some excuse this by saying, "No one needs a trillion dollars". Some scale it down to a billion or even a million dollars.
Do you want to talk about "need"? What I need is for government to keep its hands out of people's pockets. Government doesn't need to steal money to pay for things government's supporters believe they need.
No one gets to decide what others need. As long as they aren't stealing it, it's none of your business.
If someone earns a quadrillion dollars by giving customers what they want and by filling a niche, they aren't a problem. It's a positive thing for society, and only ignorant people get upset over it.
It's trendy to hate rich people. It's also incredibly stupid. Most of the people upset over "excessive" wealth- such as the tax-addicted politicians and their followers- contribute nothing. Takers envy makers.
For a millionaire politician to demand that a billionaire entrepreneur hand over some percentage of his money is dishonest. The entrepreneur contributes; the politician is a parasite who only takes.
It isn't "greed" to want to keep what's yours; greed wants to steal and hoard other people's property. The only rich people who can oppress anyone are rich politicians.
Yes, I realize there's no rich person in today's world who doesn't get a substantial portion of their wealth by helping government. Government is the problem, not the wealth. The solution isn't to steal a percentage of their wealth and hand it over to that same government.
Do these tax advocates really believe it's a good idea to tell an entrepreneur that one successful business is enough- there's no benefit in starting more, or even expanding his existing business? If there's no way to make and keep the profit from one's business, there's nothing left to put back into the economy. And no motivation to do so. It costs us all.
These political lies based on envy could destroy the future.
The only ethical level of taxation is, and has always been, 0%. It doesn't matter if you believe the people you're being manipulated to envy can afford it. Instead of begging politicians to rob others, start contributing something to the world. Then you can give your own money to whatever you like.
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