Charles_Main
AR15 Owner
Joe Stiglitz is saying pretty much the same thing.Why We Must Raise Taxes on the Rich
Wednesday 6 April 2011
by: Robert Reich, Robert Reich's Blog
Read the whole article before disputing what Reich is saying:Its tax time. Its also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.
Heres the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
Even if we got rid of corporate welfare subsidies for big oil, big agriculture, and big Pharma even if we cut back on our bloated defense budget it wouldnt be nearly enough.
Why We Must Raise Taxes on the Rich | Truthout
"The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesnt seem to have bought: an understanding that their fate is bound up with how the other 99 percent live.
"Throughout history, this is something that the top 1 percent eventually do learn. Too late."
This time it is different. All those other times that the rich learned the hard way. The rich were paying nothing and taking from others. Here in America the top 2 % pay well over half the total tax load. They are paying!