At this rate, I expected I would make a million dollars this year, but I only made $50k, so I experienced a $950,000 loss. I also didn't get to sleep with that hottie in HR, but that's an intangible loss.
You want to tax 99% for income over 2million? Why 2 million? How is that fair (ya know, equal protection and all)? SHouldn't everyone have the same tax rate? Estates over 10million? My parents own several thousand acres on a working farm. If they leave it to me, I have to sell land or mortgage the house to satisfy the taxes? So my farm gets parted out and smaller? How's that good for my future income and the future taxes I'll pay on that income? Why 10 million? So you most people won't get affected by it and thus vote for it? How's this.... we all vote that you gotta buy us lunch. In a democracy, the mob rules. The trick to getting the voters to go for something is to make sure that less than 1/2 of the voters are affected by said law. SMH.