On a Mission to Raise the Value of Black America's Political Capital
What are your thoughts on taxes?
How does taxing the rich affect the middle class? Provide facts
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Permalink Reply by Karl Smith on -
Actually the rich will not suffer one cent to any tax increase due to the beauty of the Blind Trust. Joe Kennedy of the Kennedy Dynasty setup a blind trust in 1926 that still distributes tax free money to heirs from $500,000 to $5,000,000 annually. Its tax free because of all the declared efforts and private scholarships in their names keep the money coming back. This is only one family riding the gravy train for nearly a century. For some real interesting reading: check out how he made this money. So, basic math says that all working class and those that DO NOT have the resources for a Blind Trust will see taxes increase. Sad but true.
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