closing the gap

  I was reading a bit about the proposed ultra-millionaire, billionaire tax. It is being touted as way to close the wealth gap. My question is, how is that going to put any money in my pocket? It isn't like it is going to lower the taxes I pay. It just means the government collects more to spend how they want. Being proposed by Bernie Sanders and Elizabeth Warren it is really about simply grabbing more money from the most successful people in the country. It isn't closing any wealth gap! The redistribution of wealth by government direction isn't helping anyone but the government. Warren says to invest the money in childcare. I guess she means the children she doesn't abort! It's the old story, it's for the children. Give me a break! It would supposedly raise an additional three trillion dollars in a decade. The national debt just reached 34 trillion and I guarantee you it isn't going to be any lower in ten years. 

 So, what's the thinking behind this tax. The rich people have too much money and we should get some. They can afford to share but they aren't sharing enough. And when they do share through their philanthropic endeavors, they are getting a tax break! That's not fair. They should be forced to pay more because they have more. Using that logic, you should house a homeless person or a migrant if you have a spare bedroom. Do you have more than one car? You should have to allow me to use the one you're not. You have too many. And we are only talking about discriminating against a very small number of people. Sanders and Warren talk about the wealthy not paying enough. Both of them are millionaires but this tax wouldn't affect them in any way. That's because they are wealthy enough to hire tax lawyers and accountants that allow them to pay the minimum amount required by law. They are not paying one dime beyond what they have to. Now I don't blame them for that but don't try to tell me that others should be penalized, have to pay additional taxes simply because they have more money than you do. What needs to be done is a revamping of the tax code not adding additional tax codes. 

  Elizabeth Warren and others talk about the "effective" tax rate. They point out how the wealthy pay an effective tax rate far lower than the average person. Yeah, except their effective taxes paid are already in the millions. The top ten per cent of earners in the United States pay 74% of all taxes collected. The top twenty-five percent paid eighty-nine percent. Seems to me those folks are paying far more than their fair share. Are prices adjusted based on your income? If you go to purchase a home, do you get a discount because your income is lower than the neighbors? Or does the neighbor have to "chip in" give you some more money so you can purchase that home? 

 So, what is this wealth gap. It is simply the difference between the haves and the have nots. It is a gap that will always exist as long as there are people, property, and some form of currency. Yes, it takes money to make money. That adage is as applicable today as it was the first time it was uttered. The rich generally get richer. Placing an additional tax burden on the wealthy, even just ultra-millionaires and billionaires will do nothing to lessen that gap! The poor people aren't getting that money in their pockets. Using the figure that Warren says, three trillion in additional taxes collected over a ten-year span, that would mean every man, woman and child in America would receive a thousand dollars a year. Wow, that gap is surely closed up tight! Yeah, that'll work.

 The plan is really to take from the rich and give it the democrats. That way they can give it away to foreign nations and migrants. But people will love them for the "free" stuff they believe they are getting. Nothing like sticking it to the man to make you feel better about yourself. The fat cats should have to pay! Well, not all the fat cats, just the fastest ones. Well because that is equitable right? If you make more, you should pay more. If you don't make anything at all, I should just give you everything. After all I can afford it. Now that's fair. Bernie Sanders has a net worth of three million dollars and has never held a full-time job in his life. He owns three homes, each with a mortgage on them. He needs the tax breaks that come with that. Elizabeth Warren has a net worth of 12 million dollars. How much is she giving away? Is she utilizing the existing tax code to pay the minimum amount in taxes. She could afford to pay more.