Steve’s Barking; Taxing so called billion dollar worth, probably a bad idea!

 A lot of the so called intellectuals think why it’s a really good idea to tax the extremely wealthy.

Well this crazy blogger things it’s not such a hot idea. The reason in this crazy bloggers mind is because the wealth of the wealthy is based on stock and the price of stock. We lower middle (class);income people have much of our retirement ( including those who have pensions) income in those stocks that the super wealthy have are tied up in stocks. Well if those who are on top of the pyramid sell some of there stock to pay their wealth tax, I reason that it will hurt the retirement investments that the middle income (class) have.

 It’s quite possible that taxing the extremely wealthy on assets to help the lower and middle income will have the opposite effect.