Super Tax?
As you know the government has commitments of about $12-TRILLION. There is no way that money is going to come from taxing only the rich. Some propose or fear that the next move will be to tax not income but wealth. In other words, confiscation of accumulated money. Likely, it is said, the first will be confiscation of 401Ks and IRAs under the guise of "better" management.
Let me ask you, if people who have worked their whole lives suddenly have all that they have worked for taken from them and are thrust into poverty, what will they do. Will they be too old to do anything? Will they become a class of people open to recruitment for an American suicide bombing campaign? Will the younger folks rise up?
Labels: Politics
