It's time to tax the rich

http://www.latimes.com/news/opinion/commentary/la-oe-adler-taxpolicy-20101117,0,5817913.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fnews%2Fopinion%2Fcommentary+%28L.A.+Times+-+Commentary%29 ^

[ChicagoConservative27]

The final two years of the George H.W. Bush presidency brought a creeping recession, with an unemployment rate that increased from 5.6% in 1990 to 7.5% in 1992. In June 1992, just five months before the elections, the rate reached 7.8%, and Bush lost his reelection bid ("It's the economy, stupid").

What did the new president do about the economy? President Clinton in 1993 proposed to raise the highest marginal tax rate immediately from 31% to 39.6%. In a Wall Street Journal article, Martin Feldstein, the former chief economic advisor to President Reagan and then as well as now a professor of economics at Harvard, opined that "Mr. Clinton's proposal to raise the marginal tax rates of high-income individuals would hurt incentives, weaken the economy and waste investment dollars."

[Right Wing Assault]

It's time to tax the rich

Huh. And all along I thought we WERE taxing them. Silly me.

[UCANSEE2]

What do we do when “the rich” run out of money?

Surely the 'government' will bail them out.

": )

[UCANSEE2]

Eliminate welfare, food stamps, “Earned Income Tax Credit”, section 8 housing, etc and the current tax rates are just fine!!!

Yeah, but if you did eliminate those, Democrats would never win another election.

[UCANSEE2]

I want to live in a country with lots of rich people.

As long as they are good 'tippers'.

": )

[UCANSEE2]

who would prefer to punish the rich...rather than reward the jobless.

Whereas now, they punish the rich conservatives, and reward the jobless liberals.

[Republic of Texas]

I think it’s time to tax the poor. To save them from themselves.