Best. Idea. Ever.
Um, no it isn't. Doesn't anyone hear remember history or recall the "luxury tax"? They tried that exact thing and whom did it hurt? Didn't hurt the rich guy but the yacht industry and things consumed by the rich went down the tubes and the WORKER who makes that stuff was the one who lost his job. Sheesh. You cannot tax people into prosperity. You can't make poor people rich by making rich people poor. If you allow people to prosper and enjoy their prosperity, then you open the door for others to do so as well. When you tax, tax, tax, you destroy the incentive to work, produce, and take risks with one's own capital. The exact opposite is the end result of taxation. Tax revenues to the govt actually DROP when taxes are raised. Doesn't anyone understand this? Ugh.
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