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View Diary: Oh yeah, the debt ceiling. Yawn. (92 comments)

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  •  AHEM...we could, y'know, RAISE TAXES (3+ / 0-)
    Recommended by:
    lgmcp, blueoasis, roadbear

    on the rich in order to get more money. You know, the people that pull maneuvers to defer taxes indefinitely. The people that put money offshore so as to not pay taxes.  The people that can apparently afford to pay people like Paris Hilton $30k a pop just to show up at a party. Or pay their housekeepers enough money to obtain Oxycontin for them to the point where they go deaf from it. The people that can afford to spend millions anonymously in order to try (and fail thankfully) to influence the outcome of a presidential election.

    These people have enough money to do stuff like this, they have enough to pay a little more in taxes. Or any taxes at all for that matter. Cheap bastards.

    •  All tax legislation has to originate in the House. (3+ / 0-)

      Of course it has to pass the Senate too. So we really need to control both bodies to redo the tax code.

      To Goldman Sachs in according to their desires, From us in accordance with the IRS.

      by Bluehawk on Tue Nov 27, 2012 at 11:35:03 AM PST

      [ Parent ]

    •  Two questions (0+ / 0-)

      How much do you think you can squeeze from the rich?

      How does that amount compare to either the yearly deficit, or the total debt?

      •  Every little bit helps (0+ / 0-)

        A few tens of billions per year from returning to the Clinton era rate for high incomes.  A few tens of billions more per year from making the capital gains rate the same as the regular income rate.  A bit more from a financial transaction tax.

        Hell, just out of sheer vindictiveness I'd tax "carried interest" at an extra-high rate as a big "fuck you" to hedge fund managers.

        And the main point is (contrary to Republican claims) this wouldn't hurt jobs at all.

        “What’s the use of having developed a science well enough to make predictions if, in the end, all we’re willing to do is stand around and wait for them to come true?” - Sherwood Rowland

        by jrooth on Tue Nov 27, 2012 at 12:11:37 PM PST

        [ Parent ]

        •  If you're running a deficit of a trillion dollars (0+ / 0-)

          Or a thousand billions, you need to have better ideas than pulling together a few 10s of billions to get at the rich.

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