That's called expansion into new markets. How many Indians do you think you can treat if you are 12,000 miles away? |
seriously? No one has commented on the rich people are smart, that's why they're rich bullshit? I have 2 words for you. PARIS HILTON. She has advisors because daddy can pay them, but the chick is definitely not the sharpest knife. I also have another word for you - SNOOKI.
Nuff said. |
I think one of the defining traits of wealthy people is that the person who earned it is more cutthroat than the one who didn't get rich. There are plenty of hard workers and stumblebums all across the income spectrum. I'm really tired of richies and wannabe richies acting like only wealthy people work hard. |
Go already! |
US taxes on the rich used to be double what they are now, but the rich folk stayed put. No reason for the local lamborghini dealerships to fret about a mass exodus. |
There is a lot of hard work, but like you say lots of people work hard. There is also talent, but there is a surprising amount of luck. If you don't believe me, try to find entrepreneurs who have repeat success. Very few people who hit it big create a second company that does as well. Usually the second company (or product) is a bit lackluster. |
He can't, he's not wealthy and probably underwater on his house. |
Why do libertarians hold on to the fantasy that cutting taxes on the rich generates jobs? |
Well, it is incontestable that if everyone has more money due to less taxes, some amount of that will be spent on investment, some will be saved, and some will be consumed. The debate is over how much. It is pretty clear that almost all money given to a poor person will be spent. It is less clear what a rich person will do with their money. Will they buy a speed boat, stimulating the speed boat industry and increasing hiring there? Will they put it into a new business venture? Or will they save it and in what form - gold, bank deposits, the stock market, whatever? |
No it should be about freedom..you should be able to take the majority of your hard earned money home..whether you make ten dollars or ten million..top earners are already paying close to 50 percent of wages on taxes (state and us)..that is awful.ni hate how people now get angry if someone is rich and opine about how they should pay more. |
Show me a top earner who pays 50% in taxes. It's practically impossible. If you earn $20 million/year, live in Hawaii in a one bedroom rental, give $0 to charity and stuff your annual paycheck in the ground, never to earn a dime in interest or dividends, you still don't get there. |