1%, The Ruling Class, and Global Slavery

I was listening to an interview on the radio the other day.

The person being interviewed stated that the obnoxious tax rate that led to the revolution was guess...wait for it...

1% (2% in Mass.)
Can you imagine the prosperity if every working man, woman, and child took home 99%? Just a modest 1% tax on income? No regulatory taxes, no hidden health insurance taxes, no grocery tax, etc.? Just 1%?

1% was obnoxious to the founders. Imagine what they would think of a ruling class that takes 75%? 70%? A population where some might pay more than 100% of their income in taxes?

Slavery is slavery is slavery, regardless of how the ruling class steals your labor.

"Romain Hatchuel: The Coming Global Wealth Tax"

Quote

Between ObamaCare, Iran and last quarter's uptick in U.S. economic growth, taxpayers these days may be distracted from several dangers to come. But households from the United States to Europe and Japan may soon face fiscal shocks worse than any market crash. The White House and New York Mayor-elect Bill de Blasio aren't the only ones calling for higher taxes (especially on the wealthy), as voices from the International Monetary Fund to billionaire investor Bill Gross increasingly make the case too.

In his November investment commentary for bond giant Pimco, Mr. Gross asks the "Scrooge McDucks of the world" to accept higher personal income taxes and to stop expecting capital to be taxed at lower rates than labor. As for the IMF, its latest Fiscal Monitor report argues that taxing the wealthy offers "significant revenue potential at relatively low efficiency costs." The context for this argument is the IMF's expectation that in advanced economies the ratio of public debt to gross domestic product will reach a historic peak of 110% next year, 35 percentage points above its 2007 level.

Between 2008 and 2012, several of the developed world's most fiscally challenged nations (including the United Kingdom, Ireland and Spain) increased top personal income tax rates by an average of 8%. In the United States, the expiration of the Bush tax cuts pushed the highest federal income tax bracket to 39.6% from 35%.

What the IMF calls "revenue-maximizing top income tax rates" may be a good indication of how much further those rates could rise: As the IMF calculates, the average revenue-maximizing rate for the main Organization of Economic Cooperation and Development countries is around 60%, way above existing levels.

read more here - http://online.wsj.com/news/articles/SB10001424052702304355104579232480552517224

Why does the ruling class never seem to lose their wealth? Why does that wealth seem to skyrocket while the wealth of working people is taken, 1% or 70% at a time?

What is wrong with this picture?

just my humble opinions