Tax the rich?

[Hallelujah]

http://www.comcast.net/articles/news-general/20091117/US.AP.Poll.Health.Taxes/

Just another example of how stupid the american public (and obama jocksniffers are). Do these folks really believe that would pay for the $1.2 trillion plan?

I would love to see the demographic breakdown of the respondents. I would bet it is those who simply have a high school degree and never took a math or critical thinking class in high school.

[DU Ute]

[ame="http://www.youtube.com/watch?v=FVCT9hyBqLs"]YouTube- Rich Ly - Hallelujah[/ame]

[Uncle Ted]

Yet another example of "tax the rich, the rich go missing"...

Two-thirds of millionaires left Britain to avoid 50p tax rate

Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.

In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.
This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.
The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.

It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.

George Osborne, the Chancellor, announced in the Budget earlier this year that the 50p top rate will be reduced to 45p from next April.

Since the announcement, the number of people declaring annual incomes of more than £1 million has risen to 10,000.

However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis.

Last night, Harriet Baldwin, the Conservative MP who uncovered the latest figures, said: “Labour’s ideological tax hike led to a tax cull of millionaires.

Far from raising funds, it actually cost the UK £7 billion in lost tax revenue.

“Labour now needs to admit that their policies resulted in millionaires paying less tax and come clean about whether they would reintroduce this failed policy if they were in power.”

Mr Osborne argued earlier this year that the 50p rate was deterring entrepreneurs from coming to Britain.
[...]

There must be another logical explanation why the tax revenue went down.