A Quote by Thomas Sowell
Most of the people in the upper income brackets are not rich and do not have wealth sheltered offshore. They are typically working people who have finally reached their peak earning years after many years of far more modest incomes-and now see much of what they have worked for siphoned off by politicians, to the accompaniment of lofty rhetoric.
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High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.
We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.
That's kind of the nature of the profession I'm in. It's frustrating. Things don't go your way, and I was no exception, in that I spent many years struggling to get work, and there are a lot of people more talented than myself who got jobs before me. And I finally, after years and years and years, got lucky.
One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been "capital gains".
They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?
I worked with people I admire; Josh Lucas, who I'd worked with many many years ago on a pilot called The Class of 61 and Kurt Russell, and so there were a variety of different people that I enjoyed working with.
After years of finding mathematics easy, I finally reached integral calculus and came up against a barrier. I realized that this was as far as I could go, and to this day I have never successfully gone beyond it in any but the most superficial way.
After working for years, in the end days, people realize its peace for what they have worked for all those years by loosing the peace.
At first it was the incomes of corporations, then of rich citizens, then of well-provided widows and opulent workers, and finally the wealth of housemaids and the tips of waitresses. This is all in line with the ability to pay doctrine. The poor, simply because there are more of them, have more ability to pay than the rich.
The Revelation was my master's project, and after I finished it, I thought I'd send it off to a publisher and within a year or so be a rich and famous writer. Two years later I finally sold it. For a whopping $4,000. A year after that, it finally came out. Which explains why there are all those terrible jobs on my resume!
To see poor people, their benefits being cut, to see pensions of Americans who have worked like my father, all their lives, and taken away, to see the rich just accumulating more and more wealth. I mean, it seems to me that there has to be a point where you have to say, 'No, this has to stop.'
It's really comforting for me and Jeff, at least, that after 12 years we finally feel we've reached a place where we can be more honest, real and loving with each other. And we're finally in a band that we know is good, and deserves the credit it's getting.
Covering up, so far as I can see, is often the accompaniment to far more truly shameful behaviour than stripping off.
The number one reason most people don't get what they want is that they don't know what they want. Rich people are totally clear that they want wealth. They are unwavering in their desire. They are fully committed to creating wealth. As long as it's legal, moral, and ethical, they will do whatever it takes to have wealth. Rich people do not send mixed messages to the universe. Poor people do.
What politicians do is they never get the rhetoric wrong, and the price they pay is they don't speak the truth as they see it. Now, I will speak truth as I see it, and sometimes I don't get the rhetoric right. I think that's a fair trade-off.
Politicians like to talk about the income tax when they talk about overtaxing the rich, but the income tax is just one part of the total tax system. There are sales taxes, Medicare taxes, social security taxes, unemployment taxes, gasoline taxes, excise taxes - and when you add up all of those taxes [many of which are quite regressive], and then you look at how they affect the rich and the poor, you essentially end up with a system in which the best off 20 percent of Americans pay one percentage point more of their income than the worst off 20 percent of Americans.
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