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Originally posted by midwestmama
Wake up people, before its too late.
Originally posted by sos37
How many times does this have to be said to be understood? When you tax the wealthy, they are going to make up for the money taken from them by cutting expenses in other ways.
In other words, take MONEY FROM the wealthy, and the wealthy will cut spending to make up the loss by taking JOBS FROM the middle class.
Figure 1 suggests that recent movements in the tax data are inconsistent with Obama's perspective. The top line indicates the share of income taxes paid by the top 10 percent of taxpayers. The bottom line indicates the share of income taxes paid by the bottom 90 percent. In 2006, the top 10 percent of earners paid fully 70.8 percent of taxes. That is significantly above the 2000 peak of 67.3 percent--before the Bush tax cut.
Originally posted by Karlhungis
I am curious why so many republicans are so worried about this? Wealth is currently being redistributed from the working class to the upper class. Obama seems to want to give more to the middle class and below, by taxing the wealthy.
I don't understand why it is hunkey dorey to funnel the wealth to the rich, but it is blasphemy to even suggest the distribution of more of the money to the working people? It seems like an interesting double standard to me. What is really strange to me is that most of the people who are crying about it are people who would actually benefit from it. Most are using talking points that have been generated by people who would be hurt by it though.
Be careful what you ask for. You might get it.