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Originally Posted by garysanfran
Going the way of California?
There is an assault on the wealthy in this Country.
California is trying to impose a wealth tax... As is New Hampshire. I believe Massachusetts and a few other states are attempting the same.
This Socialist attempt to redistribute wealth is having "unintended consequences".
Many billionaires are moving from California and they're NOT relocating to New Hampshire or Massachusetts.
I have never worked for someone less wealthy than me. Rich people drive the economy more than those less financially well off.
The rich also drive innovative progress. They invent things and thus create an industry around those inventions, employing many.
The small number of wealthy already pay the majority of Govt. tax revenue. Not enough for some. They must "pay their fair (fare) share" (Bernie Sander's favorite spiel).
Fiscal responsibility includes cutting spending.
Waste, fraud, misdirected goodwill for immigrants should all be actively pursued and eliminated.
An immigrant to the USA should demonstrate financial solvency like is required in Australia. An immigrant on public support for years, contribute nothing and drain lots.
Compassion does not have to be sacrificed for fiscal solvency. Just the opposite. Fiscal responsibility is compassionate support for the hard working taxpayer.
I started coming to New Hampshire when my age was in single digits. It was so different than my Massachusetts then. Not anymore.
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Assault might be a bit strong, since the wealthy have not actually been hit with anything yet. But I hear what you're saying wrt Bernie et al. To me, this is a natural, and even reasonable backlash against the pretty much undeniable fact that the wealthy have taken virtually all of the new wealth created in our country over the past 20-25 years. Just google this and look at whatever source you'd like for percent of wealth owned by the top 1% or top 0.1%, and how that number's changed over time. A big part of this is our tax system. Even when the wealthy have to pay taxes, which in some cases it's not as often as you'd think, they pay on capital gains instead of salaries. So a guy with millions in the stock market living off his interest is paying a lower tax rate than the guy busting his hump for the same income. It's kind of messed up. (And I write this as a person who's benefitted greatly from our system, and whose taxes would increase if Bernie got his way)