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One simple tax to save the country. Nobel prize winning idea here!

 
Anonymous Coward
User ID: 31400268
United States
01/15/2013 10:56 AM
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One simple tax to save the country. Nobel prize winning idea here!
Tax savings of over 100 million. IF you have over 100 million in savings, like cash or other very liquid assets, you will be taxed at a 50% tax rate on all monies over this amount. So you must either spend or invest it. This will stimulate the economy and get people to quite hoarding all the moola. Problem solved. Please send me the nobel prize in economics. Thank you.
SuperManny

User ID: 28757336
United States
01/15/2013 11:06 AM

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Re: One simple tax to save the country. Nobel prize winning idea here!
The fatal flaw in your plan is that those who have over $100M are in charge of this country and the laws that get passed.

So-o if YOU owned a country would you let them pass a tax that takes half of your money?

But don't worry! We still have the best government money can buy! banana2
The greatest gift you can give anyone is the example of your own life working. -Orin
Anonymous Coward
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01/15/2013 11:07 AM
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Re: One simple tax to save the country. Nobel prize winning idea here!
I think France is doing something like that but it for 75%. Read about it because some frog was trying to gain Russian citizenship for that reason.
What if ?

User ID: 31543626
United States
01/15/2013 11:09 AM
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Re: One simple tax to save the country. Nobel prize winning idea here!
Thats where most of the money is in Triple Tax free saving in state Municipal Bonds

Not going to Happen


you will quicken the SHTF scenario ,,actually we are already in SHTF scenario - you will prolly worsen it
They say cream rises to the top
Sometimes shit floats to the top as well
Anonymous Coward
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Panama
01/15/2013 12:08 PM
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Re: One simple tax to save the country. Nobel prize winning idea here!
The wealthy do not view cash as having intrinsic value. Money is merely a medium of exchange, good for acquiring assets, but not valuable in and of itself.

You will not find a wealthy person with that kind of cash laying around. The lion's share would be invested in hard assets. Only a small amount would be liquid.

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