Of course the rich shouldn’t have their retirement fund tax exemptions reduced. They shouldn’t pay any tax at all because, after all, they are perfect at allocating capital for maximum economic growth for the benefit of the country.
Capital should not be taxed at all, we should only tax labour, maybe a flat rate of 20% from the first dollar earned. We have to build our roads, ports, railway lines, airports and convention centres with something.
We have already too many commie pinko institutions now. North Korea here we come. Our free education, our free healthcare, our social welfare net for those out of work are good examples. This is blatant wealth distribution and socialism. We can not have this. Private hospitals and schools always have such a higher standard after all.
The social welfare net should go, along with minimum wages. Of course without minimum wages, the tax take would go down a bit but business would do well, especially big business. More reward for effort and taking risks. A few charitable crumbs will trickle down to the undeserving poor.
Remember there is no society, there are only individuals, we must compete with each other, we must have pure unfettered capitalism where those at the top are able to keep everything that they make. Those who lack appropriate communication and networking skills can starve, it doesn’t matter. We mustn’t even think of being considered socialist in any way.
There should be no reduction in retirement fund tax exemptions for those earning over $300000 a year at the very least.
