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View Diary: Joe Biden blasts 'Romney Rule' for showering unproductive tax cuts on rich (26 comments)

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  •  If it makes you feel good (2+ / 0-)
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    Gooserock, sethtriggs

    taxing the 1% more isn't going to hurt them and it really isn't going to make a difference in people's daily lives.  But, hey, it fair and I like to hear the whining.  Stiffer taxes on anything over $250k is what is needed to make a real difference.

    •  Back in 91% days, the 50% Rate Kicked In Around (4+ / 0-)
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      Red Bean, TomP, Sue B, sethtriggs

      350k in today's dollars I'm pretty sure.

      But it's not the collection of taxes that makes the difference in peoples' lives, it's the compression of extreme compensation to avoid the taxes in the first place which leaves more money in businesses for suppliers, wages & benes, & such.

      When the jackpots can't be mostly taken home, businesses and the economy aren't run to generate them at the expense of stable growth, whole sectors that are merely profitable become appealing for lack of a few jackpot sectors like finance and mergers.

      Top individual income compression is one of many tools for making the economy fair we've thrown away but it's the most universal because the whole point of all the sociopathic economic practices is to generate maximum takehome at the top.

      That's why one of the first moves of the Reagan Rightwing Revolution was to eliminate compressive individual taxes.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Fri Apr 13, 2012 at 07:50:16 AM PDT

      [ Parent ]

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