Tax rich to reduce deficit

Policies successfully imposed by the rich in recent decades include financial deregulation, tax havens and secrecy, anti-competitive business practice, lower tax rates on high incomes and investments and cuts or underinvestment in public services for the majority. Since the late 1970s, tax rates for the richest have fallen in 29 of the 30 countries for which data are available, meaning that in many places the rich not only get more money but also pay less tax on it.



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What i say is that it is better to rise income tax of rich to eliminate or reduce the deficit than to pay them a tribute or income tax to them by the way of loans.

via JREF Forum http://ift.tt/1e3I3El