Tax the Poor; Pay the Rich 07/10/2011

The perfect scheme for all those poor people hating, rich people loving Republicans:

Tax everybody at the same rate beginning with the first dollar they make up to an income of $107,000, then reduce the tax to zero on income over that.  The richer they get, the smaller percent of their income is taxed.

Wait until the anticipated recipients accumulate a lifetime of wealth and assets, pay off their debts, and reduce their living expenses to a lifetime low.

Then redistribute that money on a graduated scale based upon income, with the richest people with the highest income over thirty-five years getting the most money and the poorest people with the lowest income over thirty five-years getting nothing.

Oh wait - we better add a yearly cost of living increase.

Allow the distribution to continue regardless of current income until death.