Monday, September 20, 2010

U.S. Too Taxing-Wealthy Should Find Another Country

I do not know of another country that isn't in WORSE shape than the US-as far as taxes and regulations...I do know that there are certain states that are less TAXING and less REGULATED than California!!
What do you think about Esnard's idea?
LA Times
Glen Esnard, a Newport Beach executive for real estate services firm Grubb & Ellis, went to bat in the Wall Street Journal last week for high-income-earners who believe it’s unfair that their tax rates should rise on Jan. 1, as President Obama proposes.
Esnard also suggested that the answer might be for the better-heeled to find a new country....Apparently our president thinks that living in America is so wonderful that we will never leave, despite being directly attacked and held responsible for the political class's inability to constrain its desire to buy votes with our money. He should think again.


The_Kid said...

Great Point Carol.
Many wealthy individuals will take their money elsewhere.

I indirectly know of someone who cashes out all their assets and moves them and himself to Japan just for advantageous currency situations.

There are many games the rich can play to avoid taxes.

And I wish everyone would realize that you can't tax the rich. The rich are mostly involved in business and a tax increase is simply an increase in the cost of doing business just like energy or raw material costs. Meaning they will eventually (2-3 years) be passed along to US, the middle class.

I suggest the republican candidate (who I hope is really a tea party member) simply ask America the same question Ronald Reagan did - Are you better off than you were 4 years ago. Because they too stupid to think in any other terms....

christian soldier said...

TK-great take--thank you-
It is time that I learned how to not be taxed as much as I am --
like you stated - the really rich know how to do it...
and I know that crooked politicians know how to do it dishonestly-
I'm reading Thomas Sowell's _Basic Economics_-a bit of a tutorial for me...

The_Kid said...

Carol. According to Father Sarducci's 5 minute university, Economics is simply Supply and Demand.

Sorry, A little humor.