From a comment supporting the proposed tax hikes on the 'rich'.
So what does that mean 'their fair share'? Can someone give me some objective definition w/ evidence of support? Or is it just 'I think they make to much money and I want some of it'?
To me it's the same vague buzz phrase as 'Living Wage'. What exactly is a 'living wage'? Does it include a full cable package, new car and money for vacations every year? How do you define that?
When Illinois jacked up its minimum wage a few years ago, the first effects that I saw was milk went up .25 a gallon and the temp workers at the company I worked for at the time lost two paid holidays. Nevermind the fact that w/o a compensatory raise, my skilled labor was devalued. When I brought that up (politely of course), I was told the equivalent of "Tough Cookies". So I did the equivalent less work.
So when the 'rich' start getting taxed to the point that they become just well off 'Middle Class' (or hide all their money elsewhere), what will be anyone's incentive to try and reach that point? The end result? Economic stagnation as there won't be any new businesses and prices skyrocket to make up for all the losses that will occur. Kind of like we're seeing now w/ banking fees and health insurance.
Are people really that naive/ignorant of basic economics or are they deliberately trying to sabotage the US economy? Those are the only two options.