about the economist that gave the suggestion that would lead to great disruption in the financial market- makes me wonder how these experts get on tv.

i love the idea of living off your assets. that would be my ultimate American dream.

All very good points and agree 100%. Also stated before those who make over $250k year aren't rich they are income affluent. income != wealth!

Just don't tell our Senators this as they might start taxing our wealth instead or implement a VAT.

We live in a freakish time where we judge who is "wealthy" by what their income is. I am in the HENRY (high earner, not rich yet), group and, despite being in the highest income tax bracket, I don't feel rich. By the time I pay breathtaking quarterly income tax estimates, and plow money back into my small business, I live what can only be called an upper middle-class lifestyle. Our cars: a 2006 truck, 2003 mini-van, and 1997 Ford Escort for our kids. Rich? I don't think so!

I doubt any billionaire is going to move to Canada to save money on American taxes.

The disparity between the rich and the poor in this country is greater than at any time since the Great Depression. And that disparity is more striking in the US than any other industrialized country. In 1970, CEOs to the average worker made $25:1. Now it's $500:1.
The top 1% have over 70% of the economic assets.

Warren Buffett has amassed huge amounts of wealth, but his salary is only $100K a year. He can afford to pay higher taxes on investment income; that's where most of his wealth is.

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