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Old 11-14-2012, 10:20 AM   #11
patteeu patteeu is offline
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Quote:
Originally Posted by jiveturkey View Post
I saw that but it just didn't connect with me. Not that I need to understand it. Either approach makes sense IMO.

I just found it odd that one approach is socialism while the other isn't. In both scenarios the wealthy are playing by a different set of rules.
No, you're right to question that. Both are moves toward socialism, IMO, and are a testament to the success of the left's class warfare of the past few years. One is better for everyone economically, though. The other one gives a greater impression of sticking it to the man.

Here are two of my thoughts:

1. I don't like that we're only targeting higher income groups for increased revenue. I think the pain/sacrifice should be across the board, just like Bush's tax cuts were across the board. (There's far more revenue available through modest tax changes from the bottom 95% than there is from dramatic tax changes applied to the top 5%).

2. I fear that if the approach recommended in this article is adopted, democrats will just come along in a few years trying to increase marginal rates on the higher income groups on top of this revenue increase just because they'll still be able to demagogue the highly-visible marginal rate issue.
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