Peter Schiff
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So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
So the marginal tax rate on the wealthy ends up reducing investment, which means less economic growth and lower prosperity. So just take it from the rich is not going to do it. Plus, the more you tax wealthy people, the less incentivized they have to make the investment. They'll screw it. I'm just going to spend the money. Why should I invest it when the government's going to take so much of it?
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.
Because if you lose money, the government doesn't share in the losses. They just want a big chunk of the profits. And so that's not a good partner to have. So it's counterproductive to say, hey, just let's raise the taxes on the rich. But I do think that in America today, the middle class pays a tax rate that much too high. It's not just the income tax that they're paying.