The mantra for the politicians who want more-and-more of your money – You Can Afford it! Mark Dayton, Mn. Governor won’t make any cuts to close the large deficit in Minnesota unless the rich pay more, and, since he’s rich, he knows they can afford it. No matter to him that he is blatantly stealing and that he won’t cut a thing until he can steal somewhere as he uses the elderly and poor as he pawns.
He said the lack of additional revenue will come from the aged and health care attendants. Why? How about cutting waste, fraud and having some standards before giving out welfare?
Oh, and why does he feel entitled to other peoples’ money as he redistributes THEIR wealth that they earned or someone in their family earned?
Dayton the Re-distributor wouldn’t agree but the Progressive tax system is unfair. This is from the Financial Samurai.com on the 2010 distribution: Also, from Financial Samurai.com: Based on a previous 500+ survey study on Financial Samurai in 2009, about 80% of readers are in the Top 25%. Good to know that many of you are doing well. The table also tells us a number of things about equality or inequality, namely that the Top 1% of tax payers pay 38% of all income taxes. You can also see that the Top 50% of tax payers pay practically all of the nation’s taxes (97.30%), which once again shows that 40-45% of American income earners pay zero taxes.
If you do another little exercise and compare your Top 25% of American income to the Top 10 per capita income countries in the world, you can once again see further how lucky most of us are. If only we can get all American wage earns to pay some taxes, it would go a long way to help shoring up our budget. Congress is bickering over cutting $40 billion to $60 billion a year. All we have to do is make the bottom 50% who pay no taxes pay just $43 a month in taxes and we’d raise $60 billion a year right there.