Posted on 03/30/2010 12:06:24 PM PDT by Choose Ye This Day
[snip]
There's also the issue of whether these tax cuts, in conjunction with the health care reform bill signed last week, represent a redistribution of wealth in America, as many claim.
"It's a simple proposition to us: Everyone is entitled to adequate medical health care," Biden says. "If you call that a 'redistribution of income' -- well, so be it. I don't call it that. I call it just being fair -- giving the middle class taxpayers an even break that the wealthy have been getting."
The top quintile of Americans earned 55.7% of pretax income and paid 69.3% of federal taxes in 2006, according to the most recent CBO data. But the Vice President isn't buying the idea that the wealthiest are already paying their fair share, noting the top 1% of earners get 22% of all income made in the U.S.
"Taxes have been lowered for the wealthy considerably over the years," he says. "It's about time we get a little tax equity here."
(Excerpt) Read more at finance.yahoo.com ...
No question there...and couple that with the worst president ever and the worst speaker of the house ever...wow, what a line up the democrats have burdened America with.
Have no illusions - he and his ilk are insulated from getting THEIR wealth redistributed.
The bottom 40% pay nothing. How “fair” is that?
Hmmm.. . . I worked hard (and work hard), leveraged and risked my entire net worth, and am now successful . . . and it’s “fair” for me to share the fruit?
Uh, OK. They can share my aching back, my missing finger from a blow-out preventer that didn’t prevent a blow out, and whatever other ailments I get.
I’d call Biden an idiot maximus......
Joe, you say you’re a useful part of this administration. I say you’re just a tool.
15 percent across the board with no deductions is the fairest of fair. Why not a flat tax? I believe that they could have more money and pay off the debt if they did this.
Sorry Joe but that is not being fair! Fair would be allowing those who work to profit from their labor while those who choose to sit on the behinds to do without.
Howard Dean’s wife is a doctor, hence reduced Medicare is gonna kill her. I’ll bet she gives him an earfull constantly!
Not fair enough, according to the Obamunists. That’s why the bottom 40% get tax “credits” (free money) and all sorts of handouts, freebies and giveaways, thanks to the (forced) generosity of the other 60% of us.
I guess just to be fair, since Joe is so much better off, and SS is hurting...he will stop collecting a SS check, right? RIGHT?!
The fruits of your labor represent a portion of your life that you spent in acquiring or generating them.
To take them is to take your life.
And they called Bush an idiot...amazing.
Stalin or Mao could have used the same words.
Is this guy really that stupid, or is he just repeating his fuhrer’s talking points?
I’ve always thought 20% on everything above $20K with no deductions except for charities would be much better than what we have now.
I can’t believe we have almost half of all Americans with no skin in the game.
Oh, he’s definitely that stupid. And then some.
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