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As has been stated many times, you don't need a change in the tax laws to pay more. Just write the check. If you aren't paying enough, pony up the cash. But don't speak for every other citizen. Because higher taxes have a way of impacting everyone.
Maybe what these millionaires are saying is," Our country is running deficits and our budget is out of balance. This places our future at risk. We think those of us who can most afford to help balance the budget ought to be required to do so." Sounds reasonable to me.
Does anyone know how Nordquist got so powerful with Republicans? Does he have compromising pictures of them?
@ranger78 They're not speaking for everyone, they're speaking for the rich, who've never had it better. Last time we raised taxes on the rich (early 90's) we had the longest stretch of prosperity this country has ever had.
It's nice to see some wealthy people with a conscience for a change.
This information is from IRS.gov. 2009. 720,000 federal tax returns with adjusted incomes larger than $500,000. Those 720,000 tax returns earned 1 trillion dollars, and paid $250 billion in federal income taxes. In 2011, Obama ran a deficit of 1.4 trillion dollars. So libs, how much do you need to tax the rich, to eliminate the 2011 deficit....tick, tock, tick, tock.
The idea is to balance the budget. You can't balance the budget with the volunteering of people to pay more in taxes. You do it by cuts of course. And increasing revenues, which means raising taxes on groups of people. I'm somewhat entertained by people who are stumped by these super rich people who simply refuse to fall in line and say part of the solution is to raise taxes on those who can afford it the most. Their response? A nasty "Gee, you can volunteer to pay more" as if this is a solution to a budget that got out of control starting with the so called "fiscally conservative" Bush administration. Of course the right-wing extremist "Limbaugh-Beck" talking heads spent countless hours getting their worshippers to carry the rich peoples lunch bags with false promises of jobs and prosperity and I suppose this was an act of treason to hear the super rich say things like "I can afford to pay more"...when will the extreme rightwing learn that extreme ideologies never work. Including unfettered "dog eat dog" capitalism? Probably never. Brainwashed is not a good place to be.
Step back....What two class society has prevailed? A three class created the great country we have. Now ask this, where have wages gone or the disperation of those been from the top CEOs to the lowly guy from the 80s to today? Miles Apart. Why?? They always say this.... Talent. I will 60k to run Fannie or Freddie or Citi or GM or Lehman or congress into the ground. Just sayin... I need a job!!
The real money is not in income. Most of the wealth has already been earned. How about a wealth tax on everyone with a net worth of over $1M? I wonder how Warreny B would like that.
It is not as easy as "write a check". It has to be taxed. I'm a professional, make $280K and I would gladly pay more taxes to help the state/country. After my living expenses and mortgage, everything else basically goes to savings/investments, charity and discretionary expending.
For those who want only wealthy people to volunteer to pay more - how about this...
Can the rest of us who pay a higher percentage of our income than someone like Warren Buffet just voluntarily and legally pay less in taxes each year to match Buffets real tax rate?
Or does equality and volunteering to be equal only apply to the wealthy?
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