Tax the rich

Apr 13, 2011 | | 3 comments |

In what will come as no surprise to anyone, the Republicans have
started complaining about the end of the Bush-era tax cuts again after
Obama flat refused to renew them. It makes sense to me that if you
earn more, you pay more in taxes. That's what is proposed to help out
the national debt. The Republicans however think that taxes should be
cut further for the rich whilst healthcare costs should go up for the
poor and elderly. At it's best, that is crazy. At it's worst that is
destructive to the country. They argue that taxing the rich will
reduce jobs because they equate rich individuals with companies. No.
One of my super wealthy lunchmates does not employ anyone. He is
simply wealthier than average and so should pay more in taxes. How
difficult is that to understand? Apparently it's impossible for the
GOP to understand because all they care about is war, protecting the
rich and safeguarding corrupt corporations.
The GOP want less government spending and want the economy to recover.
We all do. The difference is that their methodology is fundamentally
flawed. Cutting taxes to the richest people won't make the government
any more money or create any new jobs. Everyone is getting very bent
out of shape over this when in reality it only affects families with
an income over $250,000 a year. Within my circle of friends in four
different countries, not one of them or their families earns even
close to that amount yet the Republicans insist that these tax hikes
will affect "just about everybody". Do you earn over a quarter of a
million a year? If so, can I have some? I have a car and a house to
pay off.....