tag:blogger.com,1999:blog-1175798629534874434.post3647364363570692391..comments2024-03-03T23:03:20.977-08:00Comments on Talk Stephen King: King: My next horror novel could star RickUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1175798629534874434.post-38640965051283289452015-11-24T14:23:52.701-08:002015-11-24T14:23:52.701-08:00"It's total bull!" Except it isn'..."It's total bull!" Except it isn't. King is a millionaire who employs probably a very small amount of people compared to someone who owns a company.<br /><br />If that person is suddenly taxed at 50%, his business suffers. Rich people don't just sit on piles of money all day, and perhaps King doesn't know this because he makes most of his money producing something on his own, but a business owner employs hundreds, thousands or millions of people. Their money is in constant circulation. I once heard a millionaire business owner quoted as saying "I have to spend 2 million dollars every day just to make expenses." What if he suddenly only has 1 million to do that with because the other goes to taxes? He'll have to cut down on those expenses and that means...layoffs.<br /><br />It also means raising prices. King is way, way wrong on this one. Taxing the rich hurts everybody.WriterJoshhttps://www.blogger.com/profile/08297293527408652148noreply@blogger.com