It Must Feel Really Strange...

And infuriating.

If you are among the small contingent of uber-rich here in America, it must feel really strange, and infuriating, to see those in Congress arguing over your wealth.  Like Hyenas over a new kill.

They want it, you've got it.  Give it to them.

There's not a Democrat member of Congress who hasn't appeared in front of a willing camera and swore that the rich are not paying their "fair share."  And that he/she/it are going to work overtime to make sure that they do.  They are going to pass oodles of new laws, each of them costing $Trillions, all of which they say will be "paid for," using the aforementioned rich's money.  Can you say horsesh*t?  

Howdja' like to be a member of that club?

There are only three kinds of rich people: 1), those who inherited it, like Mark Warner (D-VA), the richest man in Congress; 2), those who married it, like John "Lurch" Kerry ((he married it TWICE!); and 3), those who worked their asses off for it, like Elon Musk.  I can't imagine that any of them would like to pay the Government more than they are, and they are paying the Government far more than you've been told.

As per the Infernal Revenue Service's latest statistics, the top 1% of wage earners here in America pay 38.5% of all receipts.  The top 5% pays 49.1%.  You've been lied to.  Those who get their news from Google and Yahoo (62%) have no idea that the "rich" are paying FAR MORE THAN THEIR FAIR SHARE right now, and I'm frankly amazed they haven't rebelled!

And they just might.  The Congress is right now planning to pass some $5.5 Trillion of new spending.  Which means new taxes.  From the rich, and most likely, everybody else.  This "sausage making" is loud and obnoxious and counterproductive.  

So what would I do?  I'd pack my saddlebags with cash, hop on my G-5 and relocate to Costa Rica, Panama or Belize.  Or any other dollar-based economy that doesn't tax its residents like America does.  I wouldn't stick around and wait for the torches and pitchforks. 

Should the Gummint find every dollar due it?  Sure.  Should the Gummint try to pluck its citizens like Christmas turkeys?  I'd say no.

We're pretty close to a tax revolt.  This will become Jimmy Carter 2.0.  There will be tax shelters out the kazoo.  Back then, I bought 1% of the Oakland Convention Center, borrowed all the money to do it, wrote off the interest and didn't pay a dime in taxes for more than six years.  Congratulate me for using the tax laws to my advantage.  Thank me very much.  That's what tax lawyers and accountants are for.  And that's why increasing efforts to steal from the rich will just result in more tax lawyers and accountants stealing it right back.  

Of course, I might mention that they put one of my best friends in jail for trying to foist off his investment in an unreleased Willie Nelson record.  And a jojoba bean farm.  With windmills on it.  Yeah.  

So, we'll go from record income tax receipts ($4.5 Trillion!), due to the Trump tax reduction law, to ever-diminishing returns, due to ever more outlandish efforts to raise it.  

Here's a little advice for those trying to squeeze the balloon; the air will always move somewhere else...  

TAX AVOIDANCE is an immutable Law of Nature.