(09-17-2010, 12:24 AM)Jester Wrote: You know what this is? It's 2% inflation.Only if the wealthy demanded recompense from the engines of production. The wealthy already demand a high ROI on investments (>5% is a must, and 10% or better is desired). The Bush tax cuts (namely to 15% drop in Capital Gains, 100% drop in death tax, and 100% drop in dividend income taxes) didn't result in the opposite, deflation. Just more profits for those who re-invest in building the engines of productivity.
Taxing idle wealth engages it in the economy. What I'm really tired of is a government growing out of control, run by those who don't pay for it, and payed for by those who can't afford it.