Well if it could work then it could create problems for the “anti tax” crowd, if which i am proudly a member. Whose really gonna object to a system where the richest 1 % of Americans get higher taxes and the resulting revenue being used to eliminate debt and give more $$ to health care, education, research funding-NSF grants and what not-and other sources ? Now, I would love taxes as low as possible for everyone in our nation, but how do you convince the other 99 % of Americans that a plan to effectively increase taxes for the top 1 % is a bad thing ?
When has giving money to an addict ever gone to eliminate the addicts debts? Most rational folks realize that any additional tax revenue is not ever going to reduce the debt. Its just going to be spent.
Give an alcoholic or a gambler or a drug addict money to get them back on their feet before they recognize they have a problem and they are dealing with it is never going to help.
Give this current group of politicians the total income of even the top 25% of all Americans and this group will find reasons to spend it and never use one dime to reduce the debt.
the additional taxes will do no such thing. Debt will not go down. The deficit will not go down. Taking more money from people already paying the bulk of the tax bill is just going to lead to more freebies and handouts, and less money in the private sector. Less jobs, less investment, less purchasing.
If the government was cut to the point where we had a balanced budget, then we can talk about tactics to reduce the trillions of dollar of debt....possibly through taxation changes. Until then, no one serious can even talk about tax rate increases.
Just try raising the taxes on them and watch the collapse of jobs; that should be convincing. Remember the tax on luxury yachts? Destroyed thousands of jobs as the "rich" simply bought or leased overseas?
Your comments (newbie) sound like you're trolling. And you use of "...the “anti tax” crowd, if which i am proudly a member" is a dead giveaway.