your assuming that those income groups care enough about the USA to pay.

They don't. I suspect this would be true regardless of how the money has been, or would be, spent.

Human nature, being what it is, tells me that the wealthy would prefer increase their wealth with out having to pay taxes rather than dig deep and save the Republic.

Since Reagan( before actually) conservatives and like minded economists have hammed away at the specter  oftaxes and the so called "global economy. " If you tax too much the wealthy will leave and take there money with them" and so forth.

All things being equal, that would be true.  Particularly if your place of residence was purely based on economic issues. Like labor and manufacturing, people would always chose  low cost country.

Things aren't equal.  There are plenty of countries on this earth that have ultra low taxes and no government to speak of. You have the economic and personal freedom to do what you want...as long as your security force has tactical superiority in what ever area you happen to be in and your inoculations are up to date ...and you bring plenty of food...ammo...oh yeah a water purification plant...mosquito net.

You get the idea. Unfortunately, the wealthy do not.



by MRFred on 03/27/2009 11:26:14 AM EST

their...I need a proofreader

by MRFred on 03/27/2009 11:52:11 AM EST

[ Parent ]
Taxes Not Seen as Making the Rich Flee New York
March 19th 20009
NY Times

"...And it has been on the mind of Mayor Michael R. Bloomberg, New York City’s richest person, who said in a radio interview, “You can’t tax too much those that can move.”

Yet there is surprisingly little evidence to support the proposition that rich New Yorkers would bolt if forced to pay higher income taxes. Though tracking the movement of wealthy taxpayers from state to state is difficult, experts on public finance and migration say they have yet to document a substantial “rich drain” in states that have raised income taxes in recent years.


“At the level we’re talking about, there’s no quantitative evidence that it affects the mobility decisions of affluent taxpayers,” said Douglas S. Massey, a demographer at Princeton University and president of the American Academy of Political and Social Science...

PS---The GAO repoted that 2/3 of US corporations paid NO taxes from 1998-2005. Yet we STILL lost a record number of jobs during that time. Just something to consider when someone argues that U.S. corporations pay the second highest tax rate in the world and that we lose jobs because of it.

Of course no one seems to think our trade policies have anything to do with it...

by Tom Hanc on 03/27/2009 11:54:04 AM EST

[ Parent ]