Overly simplistic, shows your lack of understanding. Who would buy a company that faced that kind of tax burden? Who's to say the company was profitable in the first place? So you would just divest yourself of all your equipment, buildings, vehicles, and stock, and go fishing? And forget about the people you employed, right?
Seems all you're concerned about is you. Just like people who want something for nothing from the government. And those who are envious of others that have worked hard and succeeded.
Taking money from those who produce the good and services we all want and need will not help you, or anyone, one bit.
You cannot tax your way out of a bad economy. It is impossible. The people who are able to create more jobs will no do so if the government removes the encentive to do so. And raising the capital gains tax keeps the other people, the ones who have money to invest in new companies or ideas from doing so.
This is what is meant by "Trickle Down Economics". If you remove the heavy tax burden from businesses, and provide incentive for investors, they will grow the economony. More jobs, better jobs, for everyone. If you do the opposite, jobs will dry up, businesses will close. Pretty simple.
If you think it will make you feel good to see the "rich guys' getting stuck, you're wrong. It won't help you at all, and in reality will hurt many people, and the country. Plus, taking pleasure in other people's pain is wrong.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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