Boom or Bust, the rich always do well.
yes they do and it's a good thing, too.
lets take the case of my friend who just bought a vacation home.
the house had been empty, so the neighborhood home values were improved with the sale.
on the sale, the Realtor made money.
the house needed work, so she hired a contractor.
the house needed updating, so she hired a decorator.
she's not there all the time, so she hired a gardener.
the house is in an HOA, so fees are paid to them to hire maintenance people.
fees are paid to a security company.
she pays property taxes, but has no children in the school system.
she bought furniture for the house.
when she's there, she shops in the local economy, and uses the restaurants.
do you think that it would have been better to have given the money to the government? would they have made better choices with it?
those of you who want the rich to pay higher taxes....to what end? what exactly has the government done well with what it has, that makes you think they would do well with more?
the government does not lack revenue. it lacks common sense.