Where is the US economy headed?

First of all, imposter, ask yourself if taxing wealth is practical. For example, what do you consider to be wealth? Is it money in the bank, stocks, bonds, mutual funds, what else?

It's not only practical, it's the only option left.

You're not going to get blood out of a turnip no matter how hard you try.

Who wants to tax non-real estate property? When you buy any luxury item, you pay tax at the time of purchase.

What's your point? Your list including bank account interest, stocks, bonds, mutual funds all have capital gains tax.
Your arguments never make any sense, because you fail to understand the fundamentals on any topic.

Of course it would be difficult to tax wealth directly. That is why we tax income as a substitute. But you want to ignore the wealth that comes with high income and argue that we shouldn't tax the rich so much even when the top 1% own 90% of the wealth

At what point do we worry about the disparity in wealth okie? When the top 1% own 99% of the wealth? 99.9%?

Do you even read the posts before you start throwing out your insults?

Taxes are NOT confiscating wealth. Saying it is only puts you in a select group of really stupid people okie.

A nonsensical categorical statement that is contradicted by numerous, well known historical examples. Some taxes have indeed been expressly designed for the confiscation of the wealth of targeted groups or classes.

Quote:

A nonsensical categorical statement that is contradicted by numerous, well known historical examples. Some taxes have indeed been expressly designed for the confiscation of the wealth of targeted groups or classes.

Perhaps you can give a real world example of this in the US then george. I look forward to your support for your claim. Okie only pays taxes in the US, so examples outside the US won't really apply to our conversation.

Now you very conveniently wish to restrict the domain of your own entirely unqualified and categorical assertion about confiscatory taxes ...

You are a rather fractious, self-serving little nit picker who appears to regularly stoop to any device to pedantically "prove" the rightness of your evasions and deceptions. However that doesn't work with me

2009 and 2010 were years in which American corporations saw record profits and have scads of cash on hand - more than they have ever had. At the same time, jobs have been shed at a tremendous rate. That's pretty good evidence that your claim is false.

http://unabridged.merriam-webster.com/cgi-bin/unabridged?va=anomaly&x=22&y=10
Main Entry: anom·a·ly Pronunciation Guide
Pronunciation: näml, -li
Function: noun
Inflected Form(s): -es
Etymology: Latin anomalia, from Greek anmalia, from anmalos + -ia
1 : the state or fact of being out of place, out of true, or out of a normal or expected position : INEQUALITY, UNEVENNESS: as a : the angular distance of a planet from its perihelion as seen from the sun b (1) : the difference between the mean of any meteorological element or phase of that element over a given time at a particular place and the mean of the same element or phase over the same time for all other points on the same parallel of latitude (2) : the difference between the current value of a meteorological element and its long-term average c : a deviation of optical properties of a crystal from its apparent symmetry as expressed in its external form -- usually used in the phrase optical anomaly
2 : deviation from the common rule : IRREGULARITY <that supreme triumph of British anomaly, the unreformed House of Lords -- R.W.Chapman>
3 : something anomalous : something irregular or abnormal: as a : a word form, set of inflectional forms, construction, or idiom analogous to few or no others (as the conjugation of the verb to be or stood, past tense of stand) b biology : a deviation in excess of normal variation from the form characteristic of a natural group c geology : a local departure from the general regional conditions (as of gravity, magnetism, radioactivity, or topography)
4 : something out of keeping especially with established or accepted notions of fitness or order <her religion was no anomaly but perfectly natural -- George Santayana>

http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf
Year.......FEDERAL RECEIPTS
1980......$0.517 trillion [CARTER]
1988….…$0.909 trillion [REAGAN]
1992.......$1.091 trillion [BUSH41]
2000......$2.025 trillion [CLINTON]
2008......$2.521 trillion [BUSH43]
2010.......$2.931 trillion [OBAMA] as of November 2010

Year.......FEDERAL OUTLAYS
1980.......$0.591 trillion [CARTER]
1988….….$1.064 trillion [REAGAN] average annual increase = 0.059 trillion
1992........$1.382 trillion [BUSH41] average annual increase = 0.080 trillion
2000.......$1.789 trillion [CLINTON] average annual increase = 0.051 trillion
2008.......$2.931 trillion [BUSH43] average annual increase = 0.143 trillion
2010........$3.399 trillion [OBAMA] as of November 2010 average annual increase = 0.244 trillion

ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt
Year……TOTAL US CIVIL EMPLOYMENT
1980……………..99 million [CARTER]
1988…………… 115 million [REAGAN]
1992…………….118 million [BUSH41]
2000……………137 million [CLINTON]
2007………..….146 million [BUSH43]
2008………….. 145 million [BUSH43]
2009,……….....140 million [OBAMA]
2010.……………139 million [OBAMA] as of November 2010

Year.…….PERCENT OF CIVILIAN POPULATION EMPLOYED
1980…………………………………….59.2 [CARTER]
1988…………………………………….62.3 [REAGAN]
1992…………………………………….61.5 [BUSH41]
2000…………………………………….64.4 [CLINTON]
2007…………………………………….63.0 [BUSH43]
2008…………………………………….62.2 [BUSH43]
2009…………………………………….59.3 [OBAMA]
2010…………………………………….58.2 [OBAMA] as of November 2010

Conservatives and the T.E.A. party scored a few key political victories for Americans this week.

First of all, imposter, ask yourself if taxing wealth is practical.