Taxing The Rich: A Liberal Argument For A Progressive Tax System To Grow The Economy

Conservatives will play the “class warfare” card if you dare mention a tax increase on the rich. And if you talk about income inequality, well, this means you are simply envious, and you are trying to “punish success.” But for this conservative “logic” to be rational, wouldn’t we have to consider the current progressive tax system to also be unfair? — Well, as it turns out, that is exactly what many conservatives say about progressive taxation, but it doesn’t mean their assessment is sound.

• • •

Republicans Bank On Ignorance, Especially When It Comes To Taxes

President Obama revealed his tax plan on Monday. It looks a lot like the tax plan he supported as candidate in 2008 and in the first 3+ years of his presidency. Obama wants to extend the “Bush tax cuts” for the middle class while letting the tax cuts for those making over $250,000 expire at the end of this year. Republicans respond with their usual nonsense. They say we can’t raise taxes on the “job creators” in a bad economy. I call this the first deception by Republicans when it comes to taxes. They count on ignorance to advance their agenda. Republicans hope Americans believe that jobs are created by giving tax breaks to millionaires and billionaires. Nevermind that fact that the Bush tax cuts have been in place for over a decade and we have nothing to show for it.

• • •