Tax the Rich, End the FedSubmitted by SerTruthgio on Fri, 08/17/2012 - 19:15
Can anyone explain to me why they think a few people HOLDING MILLION/BILLIONS/TRILLIONS of dollars in their Personal bank accounts will create jobs and stimulate the economy?
People having a savings is great but when such a small amount of people are holding most of the US's wealth that is not helping the economy. They have more money then they know what to do with and having MILLION/BILLIONS/TRILLIONS sitting in a bank account is not going to create jobs and they won't use it to make risky investments which is something we need in today's world.
No amount of Tax incentives will inspire them to spend enough. Even with a 50% tax they still don't spend enough. Why do we have to have a total collapse, when the few people with the means could give more and avoid a crash completely.
Government sponsored enterprises are still owned by the Private sector.
End the Fed, Tax the Rich