General Discussion

KamaAina

(78,249 posts) Fri May 16, 2014, 06:36 PM May 2014

Millionaires support raising taxes on themselves

http://www.bankrate.com/financing/taxes/millionaires-support-raising-taxes/

Those wacky rich folks are at it again.

Some wealthy Americans say they support a tax increase on themselves to help reduce income inequality.

That's one of the results from CNBC's recent Millionaire Survey. Of the 514 millionaires polled in March by Spectrem Group, 51 percent believe income inequality is a "major problem" for the United States. Of that that group, nearly two-thirds said the wealth gap could be narrowed with a higher minimum wage and higher taxes on the wealthy.

A cynic might say that the rich support paying higher taxes because right now the chances of that happening are slim. It's an election year and no politician wants to demand that potential voters pony up more in taxes before they head to the polls.

It's not the millionaires who are the problem. It's the billionaires. Especially the ones named Koch, and Adelson.

7 replies

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Millionaires support raising taxes on themselves (Original Post) KamaAina May 2014 OP

It seems to me that the billionaires are greedier than the millionaires. nt ladjf May 2014 #1

By three orders of magnitude. KamaAina May 2014 #2

Well, that seems odd if true. ladjf May 2014 #3

i think it's more about power laundry_queen May 2014 #4

Whatever it is. The rest of us are going to have to figure a way to get them under ladjf May 2014 #6

For sure. nt laundry_queen May 2014 #7

That's because most of them realize laundry_queen May 2014 #5

ladjf

(17,320 posts)

1. It seems to me that the billionaires are greedier than the millionaires. nt

Reply to KamaAina (Original post)

Sat May 17, 2014, 12:58 PM

May 2014

KamaAina

(78,249 posts)

2. By three orders of magnitude.

Reply to ladjf (Reply #1)

Sat May 17, 2014, 01:03 PM

May 2014

ladjf

(17,320 posts)

3. Well, that seems odd if true.

Reply to KamaAina (Reply #2)

Sat May 17, 2014, 01:10 PM

May 2014

To me, logic would dictate that since that have more money that they could possibly ever need, they , the billionaires would
be more willing to be charitable. Yet, the opposite seems true. I can only conclude that their greed has become a seriously
pathological condition. They must me dealt with by the "victims" in some form of class action.

laundry_queen

(8,646 posts)

4. i think it's more about power

Reply to ladjf (Reply #3)

Sat May 17, 2014, 03:14 PM

May 2014

they want to be able to buy everyone IN power, so THEY can have all the power to themselves. I agree, however, it's pathological. Maybe it's a mix of hoarding money and power, who knows.

ladjf

(17,320 posts)

6. Whatever it is. The rest of us are going to have to figure a way to get them under

Reply to laundry_queen (Reply #4)

Sat May 17, 2014, 03:22 PM

May 2014

control.

laundry_queen

(8,646 posts)

7. For sure. nt

Reply to ladjf (Reply #6)

Sat May 17, 2014, 03:45 PM

May 2014

laundry_queen

(8,646 posts)

5. That's because most of them realize

Reply to KamaAina (Original post)

Sat May 17, 2014, 03:15 PM

May 2014

that it's better for them if the economy as a whole is doing well, and that only happens when everyone prospers, not just those at the top. Anyone with basic economics schooling knows this.

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