Word: taxed
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...Most tax plans start with increasing the portion that the very wealthy pay as a percent of their income. That is not just true in America. It is a global way of raising money to support government programs, and, by most accounts, it is fairly successful. The major argument against this form of taxation that taxing people who make a lot of money will diminish their entrepreneurial incentives. The wealthy will lose their desire to create more wealth...
Very few people who make a lot of money actually leave public life and work because of tax burdens. They either live with the increased taxes or find creative ways around paying them. A small percentage of the very very rich may move their money to tiny islands between Florida and South America. The local Parliaments and dictators welcome them. (Read "How To Know When The Economy is Turning...
...temptation to tax the wealthy, both individuals and companies, is a healthy part of the egalitarian spirit that has long been a part of both democracies and socialist states. There is nothing wrong with this system, if the government can make it work...
...With most taxpayers counting pennies and preparing to file tax returns, Obama made clear in an exchange on Monday with his former rival, Republican Senator John McCain, that he finds his aging fleet of Marine One "white-tops" perfectly adequate. Many of the trips they take are short hops, like the 10 minutes between the White House and Andrews Air Force Base. "It is an example of the procurement process gone amok," Obama said after McCain queried him about the new helicopters ("I didn't have as much interest in the presidential helicopter," McCain noted on Tuesday...
...When Obama said the recently passed stimulus bill contained no earmarks, some erupted in bouts of derisive laughter. When Obama warned of those who make the "same old claims" that rolling back tax breaks for the wealthy is a "massive tax increase on the American people," one Congressman shouted out of turn, "You're right!" A large group of Republicans broke into disruptive cheering when Obama vowed to not pass on to the nation's children a "debt they cannot...