OK, let's see now.
Warren Buffett and now President Obama think millionaires need to have a new tax placed on them.
What will the exemptions and deductions be on that tax?
We know there will be, just as there are on the hundreds of tax acts taken up in the past.
If millionaires (billionaires) like Buffett want to pay more in taxes, it's as simple as not claiming deductions or hiding their money in banks in Sweden or other offshore spots.
Why on earth complicate the system with more tax laws? Why do we need to have any new law put into place at all when all it requires is some self control and personal discipline?
Because it's all talk, that's why.
Once they successfully add a new tax to millionaires, it's easier to adapt it or add another to include lower income brackets. They're playing the slippery slope game again and the only ones they are fooling is themselves.
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