Examiner Editorial: If top 5% paid 40% of taxes, what is their 'fair' share?

Washington Examiner ^ | Sunday, November 25, 2012

[PMAS]

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[tlp2001]

I’d like to see Hollywood entertainers making more than 1 million a year taxed at a rate of 75%. I’m sure they’d love obam bam then.

[TurboZamboni]

New Nobel Laureate Warned Against Obama Stimulus Package, Calling It ‘Surprisingly Naïve’

http://www.nysun.com/national/new-nobel-laureat-warned-against-stimulus-package/87512/

“The calculations that I have seen supporting the stimulus package are back-of-the-envelope ones that ignore what we have learned in the last 60 years of macroeconomic research.”

“I recall President Obama as having said that while there was ample disagreement among economists about the appropriate monetary policy and regulatory responses to the financial crisis, there was widespread agreement in favor of a big fiscal stimulus among the vast majority of informed economists. His advisers surely knew that was not an accurate description of the full range of professional opinion. President Obama should have been told that there are respectable reasons for doubting that fiscal stimulus packages promote prosperity, and that there are serious economic researchers who remain unconvinced.”

“….if, in the United States, we create a system where unemployment and disability benefits are permanently extended in their generosity and their duration, we will inadvertently put ourselves into the situation that much of Europe has suffered for three decades.”

[Starboard]

“The only long-term solution I see might be for the red states to take preliminary steps towards the creation of an independent “coalition of states” to collectively resist the efforts to subjugate them by the federal government in Washington.”
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I looks like we share a common assessment and vision. I especially liked your Titanic analogy.

A coalition of states would effectively be a form of virtual secession. Or you could call it an agreement, just like federal agencies do with their own cooperative Interagency Agreements. The feds wouldn’t like this tactic of course, but what really could they do about it if a group of states resists or refuses to go along with the coercive power of the central government? In fact, the doundation has already been laid for this type of coalition when the states banded together to take on the onerous burdens impoosed by Obamacare. It’s now time to take it to the next level. Regards.