“Our taxophobia has made the rich vastly richer and reduced the amount of money for the public benefits the rest of us depend on, and a hundred other horrible things besides.”
Do you think he actually believes this patent falsehood?
“We don’t yet know what the new rate will be, or how much it will raise”
We know one thing, in that it couldn’t possibly be enough to matter whatsoever to our revenue/spending problem, whichever side you emphasize. It couldn’t possibly be enough for the president to partly base his election campaign on it, which apparently he’s planning. Nor for this shrill article to be written, by the way.
Can’t get blood from a turnip, is what I’m saying.
This is major foolishness. Federal taxes have remained roughly constant in nonrecession years at around 18% of GDP. What has exploded from around 20% of GDP to 28% of GDP under Obama is Federal spending. So, why are taxes, rather than spending the problem? Answer—spending is the problem.
““Our taxophobia has made the rich vastly richer and reduced the amount of money for the public benefits the rest of us depend on...”
Rest of “us”? Whom might I ask are these “us”?
The top 50% already pay 96% of all taxes, and this is an increase from past years. What more does he want “the rich” to pay? Higher taxes can keep other people from having the opportunity increase their wealth, however, so that the current “rich” can have an exclusive club without fear of others interferring in their power.
Daily Beast, Daily Planet, Daily whatever, I have no use for any of them. Beast is abtly named for sure, with the likes of meghan mccain
Demovik propagandists worthy of Pravda.
Since I am not “rich”, I assume the author includes me in his group called “the rest of us”.
What are the “public benefits” he thinks I, and most others who are “not rich” depend upon?
Something I still can’t understand. Why is it that if anyone works hard earns enough to start a business and works his tail off making it a sucess, they have to pay more precentage in taxes than the one that sits on their butt and draws welfare?
First let me say, I am not rich, retired military and social security.
The political class has been pushing class warfare against the rest of us for decades.
Michael Tomasky (born 1960) is a liberal American columnist
I’m always on the paying end of the public benefits gravy train. I’m tired of paying for the dependent class. There is an option. I can stop working so hard and lower my income into that 47% that pay nothing.
bump