[cynwoody]

The top 1% is making out really well -- and they hate capitalism. Capitalism allows real competition by real people -- the folks who are already at the top of the heap don't like that idea. With Fascism, they all get to play the game with a stacked deck. They like that just fine.

That's only true of some of the top 1% (and is also true a lot of slime who are below that level but who also benefit from what economists call rent-seeking behavior). We need to break the Political Class and realign the rules of capitalism to ensure that those in top 1% deserve every penny.

Sachs is a moron. Raising taxes only strengthens the hold of the Political Class.

[ClearCase_guy]

I agree with all of that.

If the federal government were small and handled a lot less money, people would focus on the marketplace, and they would deserve the money they earn in the marketplace. But so long as the federal budget handles trillions of dollars, there will be no shortage of people trying to game the system.

[Neoliberalnot]

Sachs is a moron. Raising taxes only strengthens the hold of the Political Class.””

Nailed it. 50% of my income already in taxes to fill the pockets and spending habits of greed- and power-crazed politicians who constitute big government and jackass Sachs is pointing the finger to fuel class warfare within the private sector who feed this monster.