It sounds so lame when Democratic Congressmen whine that the proposed tax cut is a tax cut for the rich. 50 percent of the people in this country pay no Federal income tax. We can be pretty certain that the other 50 percent pays all of the taxes. 10 million cash in a bank, doesn’t raise the sort of tax money this “tax the rich” concept is selling. Figure 200k in interest nets about 40 thousand in taxes. Thousands of immigrants have made their money elsewhere in the world and have moved here to enjoy our freedom and their untaxed wealth, without the burden of paying taxes.
Giving the rich a tax break means less money for the largess of Congress. It is really immaterial if we give a tax break to the rich. We are already spending twice as much as we collect in taxes. The rich pay twice their share because the poor pay nothing. How about a voting law; you get as many votes as dollars paid in taxes. This would give the taxpayers a say in their government. You pay a million in taxes, you get one million votes. You pay nothing, you get one vote.
The rich could buy the election, but at least they would get a say on where their tax dollars are being spent. And it certainly isn’t free drinks for everyone. Our current voting system favors those who want to distribute free government benefits. Bernie had the right name for it, Socialism.