Comments are closed for this entry
View All
Favorites
Highlights
Bloggers
Recency  | 
Popularity
Page:  « First  ‹ Previous  3 4 5 6 7  Next ›  Last »  (21 total)
10:13 AM on 04/05/2011
Sure, the rich and superrich,by definition, are in much better shape to pay more taxes. And they should.

But a better argument for why they should is not that they have loads more money and can afford it. A better argument is that by virtue of their wealth, they have vastly more OPPORTUNITY than the average American, and even more than that in comparison to the poor.

Opportunity for the wealthy is created by the fact that they are Americans and live in American society. That is why it is fair for them to pay way more than the rest of us and way more than they are now.
Vinkaye
science matters
10:31 AM on 04/05/2011
How about the simple argument that an impoverished populace will hurt the rich and superrich as well?
10:36 AM on 04/05/2011
Because that is no longer quite so clear.  We've detached the fortunes of the wealthy from the fortunes of the nation.  Within the gated communities there are no problems no matter what happens in the working class ghettos.
10:13 AM on 04/05/2011
Would someone please explain why investment is more important than work? Is it really fair that one person with taxable income of about $30,000 should pay nothing while another with the same income pays about $4000? The difference is the source of the income - qualifying dividends vs work. The person who works pays more. We need to get rid of the special tax rates for qualifying dividends and long term capital gains. Both work and investment are important.
Vinkaye
science matters
10:33 AM on 04/05/2011
You make an excellent point!
10:36 AM on 04/05/2011
Because the "investing class" is more noble than the "working class" of course.
10:13 AM on 04/05/2011
I'm glad we had this little chat, I'm getting nowhere with my conservative controlled television.
10:11 AM on 04/05/2011
I wonder why we don't use the term "restore" when talking about progressive taxation. There seems to be a generation of Americans that are not aware of the tax rates of the 40's, 50's and 60's - the era of American economic expansion. Taxing the wealthy is not a new or unproven concept.
Vinkaye
science matters
10:35 AM on 04/05/2011
That is true, nor is the concept that "trickle down" is an abject failure! We have tried the latter for 30 years to no avail, where history shows us the benefits of the former!
10:38 AM on 04/05/2011
Exactly.  When Reagan proposed cutting taxes on the wealthy to stimulate the economy it was called "voodoo economics" BY REPUBLICANS!!!  And Reagan proved it DIDN'T WORK.  30 years later it's the ONLY policy "on the table" and the Democrats are every bit as much in favor of maintaining it as the GOP is.
krazy karl
free speech is moderated go figure
10:11 AM on 04/05/2011
Spot On Mr. Reich! Let them take their wealth and the family to the Island paradise where thier money buys them more, then insted of a brand new BMW for graduation , they can take advantage of the late model toyotas held together by bailing wire, and duct tape to get a sense of how much the locals appretiate the infusion of funds to there local economy's , and the kids will thank thier parents for learning the language of thier new country by the time they take over the family Estate. This must be in the book Rich Dad Poor Dad ! then the wealthy and the family won't have to put up with all the slacking working class! in this Country, they will have a whole new group of people who in no time will come to the same conclusion as the working class here ! What a group of self serving Narcissist!!!!
10:08 AM on 04/05/2011
The thing about the Tea Party and the GOP that amazes me is that they took a bunch of unemployed and underemployed blue callar workers and got them to march and scream and fight against billionaires getting a 3% tax increase.
HUFFPOST SUPER USER
bluepond
person
11:07 AM on 04/05/2011
Gotta hand it to the puppet-masters.
photo
HUFFPOST SUPER USER
CarryOn
no matter where you go, there you are
10:06 AM on 04/05/2011
All time favorite excuse given by those who do not wish to tax this population: They will move the jobs elsewhere...besides the extortion of such comments...the reality is ..they already have...

Once again..logic and reality do not fly in the GOP circle of light
10:42 AM on 04/05/2011
They will move the rest, and the investment capital, and the tax revenue.
photo
HUFFPOST SUPER USER
XCellKen
11:28 AM on 04/05/2011
Why the super rich will not all move tomorrow to that mythical island paradise: If all of their million dollar homes suddenly hit the market at the same time, and no millionaires wanted to buy them , because they were all selling so they too could move to the mythical island paradise, the prices of said homes would plummet. Would these millionairres still move if their homes would only realize pennies on the dollars in a sale???
HUFFPOST SUPER USER
Omnix
Buddhist with an attitude...
11:54 AM on 04/05/2011
And we will survive without them; and we will prosper if we plug the holes that allow people to become like that. The thing is, the workers are the key ingredient, not the money. Without labor (that's you and me), their capital is worth only face value. And, if the US imposes tariffs or embargoes on their products, then they loose the American market. Thus, the wealthy are playing a game of chicken relying on the sanction of the victims. All we have to do is say, NO!! The best way to say it would be for our AGs and DAs to indict the plutocrats for organized crime and insurrection. Another is for workers to boycott. We have the power, and only need to exorcise it to stop this tyranny.

Sure, some of the wealthy will leave, but others will concede and stay. The banks will print new money, and the economy will stabilize if/when we enact and enforce prudent regulation.
HUFFPOST SUPER USER
Repubnomore
11:19 AM on 04/05/2011
Anything that is not an incentive is a disincentive in the GOP playbook. This doesn't hold true in reality.

Why not do the same thing with corporations and the super rich that the government does with us? IF you put in energy efficient windows, THEN you will get a tax credit. If you don't, no tax break. It wasn't a disincentive, BTW, it was NEUTRAL.

WHEN you invest capital in the US, WHEN you hire US workers, WHEN you stop laying off mass amounts of workers, THEN you get a tax credit. In the meantime, we're jacking your rate. You can get it back to where it was or even lower it by doing what is in the best interest of the US economy.

Simple, isn't it?
photo
HUFFPOST SUPER USER
XCellKen
11:29 AM on 04/05/2011
Not quite simple enuf for the average tea bagger, sorry to say.
HUFFPOST SUPER USER
valboski
10:02 AM on 04/05/2011
We must not subsidize NGO's, companies and businesses or public unions, which are monopolies.
10:13 AM on 04/05/2011
Why NOT subsidize/support NGOs?  And Public Unions aren't monopolies.
photo
Sigger
We're all in this together - most understand that
09:55 AM on 04/05/2011
Mr. Reich, you are so correct. Billionaires taxed at rates lower than a $30,000 per year worker, and teachers, police, and other public and private sector workers put out of work for the lack of progressive taxation of the rich. And other tax policies, favoring exporting of jobs to foreign countries rather than keeping them in America, are simply destroying our infrastructure.

The longer we go without returning to a progressive tax system like we had for most of the 1900's, the lower this country will sink.

I was always naively proud that this country provided somewhat equal opportunity to all. But that rose colored view is now long gone with the "feed the rich" policies of the gop.
Vinkaye
science matters
10:39 AM on 04/05/2011
I was always naively proud that my Democratic party stood with the working people of this country, but now with the actions of President Obama, and Governor Cuomo, etc... I see that everyone in politics supports the "feed the rich" policies!
10:43 AM on 04/05/2011
How do you get taxed lower than someone with a negative tax rate? You know, since the guy making 30k/year didn't pay a dime in federal income tax, but got a refund/weflare check?
photo
HUFFPOST SUPER USER
XCellKen
11:30 AM on 04/05/2011
bave, my newest bestest buddy, whereever do you get your fact?
photo
Sigger
We're all in this together - most understand that
11:50 AM on 04/05/2011
Married filing jointly tax rate is 12.2%. Add SS tax of 7.65% and the net $30,000 worker pays tax at 19.9% total. The hedge fund billionaires pay at only 15% and no SS tax.

No refund/welfare check for the worker, just tax breaks for the rich guy.
HUFFPOST SUPER USER
bob8788
Small business owner
09:55 AM on 04/05/2011
Folks the problem is the millionaires are the ones running the government. The rich are the government. We just need to admit that we lost control of our government to GREEDY RICH folks.

I mean. I read that Obama is going to raise 1 billion dollars to run for office. If that's not proof the system is broken, I don't know what is. Look at your senators, bunch of rich, old money, privileged family men and women. Where are these angels in government you liberals believe going to solve these problems for you?

The same people you don't like in corporate America are the same people running your government. And you think they are going to tax themselves for you? REALLY. You people are being played for fools.
photo
danno7575
Obey gravity. It's the law!
10:42 AM on 04/05/2011
Welcome to the Corporate States of America
photo
HUFFPOST SUPER USER
tigerianwinter
10:51 AM on 04/05/2011
The thing is we DO know this. But we feel like we can't do anything about it. I truly feel that the conversation about why the middle class is getting screwed is over. We have the answer, we run this country's economy. 70% of it is US. WE carry this country on our backs every day at the office, and after hours at shopping malls.

We allow ourselves to be converted into despondent financial batteries for corporate overloads who see us as "human resources". When one of us gets exhausted, we get fired and bring in the next one.

We are DONE with this discussion. It is over. We have our answer: the rich and privileged run this country and we are their livestock. So what are we going to do about it?

1. We can save our money. It is our patriotic duty to take our money away from retailers and invest it in our future.
2. We can keep our political officials close. Get their email addresses and phone numbers. When they do something we don't like, we complain. KEEP THE PRESSURE UP.
3. Vote, of course.
4. Identify the cultural values that will make this country great - education, after work security, more time with family - and be aggressive at supporting entities with those same pursuits and protect them politically.

We need to get active and look out for ourselves because we are on our own.
This user has chosen to opt out of the Badges program
photo
09:53 AM on 04/05/2011
Hard to raise taxes on the wealthy when they are the ones controlling Washington.........
photo
Mr Hankey
Kucinich / Sanders (Democratic Socialist)
09:52 AM on 04/05/2011
Why can't we get congress to approve a higher tax on millionaires?

There are plenty of people in the USA who make over 1 million $ a year (household income).

Perhaps the issue for raising taxes of those making over 250K was the problem? - but now we have that entire top tier (millionaires and billionaires) paying cut rates established by Bush and extended by Congress. Who can argue that millionaires are hurting?
photo
Soulsurfer
Solar Electrician,Longtime Surfin'Fool
09:47 AM on 04/05/2011
President Obama has shown, repeatedly, that he does not have the political will to do the right thing. The rich own the airwaves, the pols, the judges, the cops...................the meek will NOT inherit the earth, the greedy, aggressive, manipulative will. Already have.
photo
JEP57
To the right of Genghis Khan
09:43 AM on 04/05/2011
This all about pulling out the "class envy" card to take more money from the producers and job creators and redistribute it to Democrat voting blocks.
photo
HUFFPOST SUPER USER
blacksmithn
Iron, cold iron, is master of them all...
10:06 AM on 04/05/2011
Read the news lately? The "producers" and "job creators" are neither producing nor creating, despite record tax breaks. Yeah, pretend it's about "class envy."
10:10 AM on 04/05/2011
Apparently you are a producer or job creator.
09:39 AM on 04/05/2011
Quick way to save 10billion per year? Cut off $$ to the settlers in Palestine Bob.