Millionaire Tax Proposal [AUDIO]
There are sure to be more political fireworks in Washington this week as Senate Democrats have proposed a new “Millionaires Tax” of 5% on individuals making over 1 million dollars a year. On one hand the top 25% of taxpayers pay about 85% of total taxes . On the other hand the top 20% control about 85% of total wealth.
One side will say it’s class warfare, the other will say it’s class arrogance. It’ll be interesting how it plays out. We can only hope the debate stays civil, rooted in facts and not emotion. Here is one satiric viewpoint of the situation.