What's the Trouble with this Country?

For one thing we are not physically responsible. We are running the country like an irresponsible kid with a credit card that is running up a lot of debt that he cannot pay. We have too many people in the country with too much money that they are making at the expense of the general public and too many rich people in Washington making the laws to benefit themselves and their rich friends that are furnishing them the money to buy themselves into office.

If we were to increase the income tax on private individuals that make over $200,000 a year from 1% for every $100,000 after the first $250,000 up to 90% we could balance the budget, pay all government expenses, take care of our social security obligations and have universal health care and have money to give back to the states to build roads, hospitals, schools and anything else that would benefit the general public.

Don't fall for the gimmick of eliminating the IRS and having a national flat sales tax of 20%. That would give the multi millionaires even more benefits than they are getting now. For example someone that is working for a living wage would have to spend all his money to make a living, so he would pay taxes on all his income while the guy who is making 100 million would probably only spend one million on taxable expense so he would be paying taxes on only 1% of his income.

At the above suggested tax rate a person making 15 million a year would have approximately 7 million left after taxes. He could spend one million and still have 6 million left to save or do with whatever he desired. That should be enough for anybody and the country and everybody would benefit because the grant money would create more jobs so more people would be paying taxes.

My Opinion by John Zilverberg