$250K is not poverty level dude. Most people in this country raise a family on much less than that...so compared to the average income of $50....they are extremely wealthy. It's all relavant.I don't expect low income people to survive without money...I never stated that...And "extremely" wealthy in this country is considered anything over $250k. $250k is not "extremely" wealthy in reality. Trust me, if you're married and have kids with that salary, you're not going to be driving around in a Porsches and taking exotic vacations.
And no, their money doesn't just "sit" in banks. Most rich people invest their money, that's one of the reasons they are rich in the first place and stay rich. You must have never been around wealthy people in your life and have some ridiculous prejudices about their lifestyle.
You're arguing semantics on the last part. The point is, unless he's below the poverty level, he has MANY things he doesn't NEED. The overwhelming majority of the population of the world would be more than thankful to have what he has.
SpartanMSU
Yeah...investments are in banks somewhere dude. You can't invest without using a bank.
Semantics? No I'm arguing that taking a percent or two more off the extremely wealthy isn't going to hurt them. Nor will they miss it. I'm MUCH rather get rid of ways of tax shelters though. Then they would be paying what they are supposed to be paying. And before we get into that argument...I have had income tax accounting...and yes it happens.
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