Friday, February 27, 2009

Income Redistribution Yes? or No?

When attempting to understand the public's attitude concerning income redistribution one must consider we are inundated with stories of obscene amounts of money being given to individuals for no work. Baseball players being paid close to 1/2 billion dollars to play baseball. Football players receiving hundreds of millions of dollars  to play football. CEOs receiving hundreds of millions of dollars while leading their corporations into bankruptcy or being fired. Corporations reporting 40, 50, 60 billions of dollars in profits. Congress giving themselves the best health care plan in the world while at the same time not providing a minimal health care plan for their constituents. Congress giving themselves retirement plans that no one in the world even comes close to. The stock market has been shown to be a joke with the insiders receiving hundreds of millions of dollars again for no work while the little investor loses everything.
 
None of these people "earn" the money. Very few do any "real work" at all. 
 
The public can only take so much. I vote for 100% tax on individuals receiving over five millions of dollars. Corporations should pay 100% tax on all profits not reinvested into their corporation. 
 
There is no reason to say that will not create jobs. Jobs are not being created now and individuals continue to be paid obscene amounts for doing nothing to help the situation. 


Regards,
John Jenkins
865-803-8179 cell
Gatlinburg, TN
Email: jrjenki@yahoo.com 

A billion here, a billion there, and pretty soon you're talking about real money.
---Everett Dirksen

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