Why Do We Have to Raise Taxes on the Rich?

National Review ^ | 05/06/2011 | Douglas Holtz-Eakin

[stocksthatgoup]

What is rich?
Is it Income?
Or is it Net Worth?

[stocksthatgoup]

What is rich?
Is it Income?
Or is it Net Worth?

[stocksthatgoup]

The top five states for business in 2011, according to the magazine:

1) Texas

2) North Carolina

3) Florida

4) Tennessee

5) Georgia

The five worst states:

46) Michigan

47) New Jersey

48) Illinois

49) New York

50) California

[olezip]

It has become standard wisdom that tax increases on the rich are a necessary part of any bipartisan deal to avoid federal financial meltdown.

Yes, let us raise taxes on the "rich" so we can punish and discourage the successful workers in our country. Eventually the "rich" become anyone who has a job and earns over the minimum wage or less. This is the socialist, Marxist, Communist way of course. The Democrats want to make it the "American" way. They have been pretty successful. Too many Republicans fall into line and become corrupt.

[RWB Patriot]

In all my years, I’ve never seen a reason for pushing high taxes on the “rich” that didn’t involve jealousy. The argument is always “Why should so and so be allowed to make such and such money, while you have to subsist on minimum wage?”