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...that is the question.<br>
<br>
<br>
On 8/15/10 9:26 AM, E.Wayne Johnson wrote:<br>
<span style="white-space: pre;">> <br>
> Consider the richest one per cent of US citizens. In 2009,
their<br>
> investible assets - i.e, not including their primary
residence, art<br>
> works, collectibles, etc. - totaled over $12 trillion. In
that year,<br>
> the total US budgetary deficit was $1.7 trillion. Had the US<br>
> government levied an economic emergency tax of 15% on only
investible<br>
> assets (i.e., not entire net worth) in excess of $1 million,
it could<br>
> could have covered the entire 2009 deficit. And of course
99% of the<br>
> population would have been exempted from that tax.<br>
> <br>
> <br>
> I read "investible assets" as "invincible assets" on my first
take.<br>
> <br>
> That's because I need a nap..., but I am wondering if my
first take<br>
> doesnt describe the situation, cynically.<br>
</span><br>
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