Thursday, November 11, 2010

Update: Obama Has Not (Yet) Surrendered on Tax Cuts For the Rich

Good thing I never believe anything I read at the Huffington Post...not, er, that I ever read anything there...

Here, at the Washington Post, still an actual news source.

And look: other things being equal, lower taxes are better than higher ones. I'm not a fan of big government. However, other things aren't equal. The rich have a preposterously low tax burden, and they can at least pay their freaking share until we get this chickenshit outfit back between the ditches. It's not as if the current tax structure is sane--I'm not sure why the ca. 200k people are not forcing the parties to make institute new tax brackets for the super-rich. There's no sense in putting people making $200 million/year in the same bracket as those making $200k/yr. And if the $200k folks ever decide to man up and push for higher brackets up top, I'll support them. But this is our only real option at this point.

[via Reddit]

1 Comments:

Blogger Joshua said...

I wonder if the folks in the low end of the $200k bracket don't advocate for additional brackets because they want to see themselves as part of "the rich" so badly that they don't want to call attention to the fact that there is a gap between themselves and the super-rich.

The whole keeping-up-with-the-Joneses thing has traditionally been seen as a middle-class phenomenon to go with 2.5 kids and a white picket fence, but in reality, at least modern reality, it seems to be far more common amongst upper-class gated community types than actual middle-income families.

These are just my personal, anecdotal observations, though, so I could very well be completely off on this.

3:37 PM  

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