tradeunionsupporter
3rd August 2011, 10:21
Higher Taxes on the Rich/Wealthy is not Class Warfare or a Class Struggle or Socialist since the American Democrats support a Progressive Tax System but not out of a belief in a or and the Class Struggle. The American Democrats and the Social Democratic political parties in Europe support higher taxes on the Rich/Wealthy to pay for their Capitalist Societies. Does anyone agree the Democrats don't like to be accused of Class Warfare ?
Dear U St
Can you quote any prominent Democrat saying he or she is "for income
equality"? It is true that most Democrats favor less extreme income
inequality than most Republicans. Capitalists associated with the Democratic
Party also tend to be more willing to pay taxes. That is because they have a
little more commonsense than their Republican fellow capitalists and
understand that taxes are necessary to keep the capitalist system running
smoothly. For example, if there is no money to repair crumbling bridges how
can capitalists transport their goods? But neither group of capitalists want
to give up their privileges and establish a society based on equality.
Sincerely
Stephen (for WSPUS/WSM)
The logic of Taxing the Rich, and Why Dems are Afraid to Use It
Wednesday, October 17, 2007 (http://robertreich.org/post/257309173)
Taxing the super-rich is not about class envy, as conservatives charge. It’s about the nation having enough money to pay for national defense and homeland security, good schools and a crumbling infrastructure, the upcoming costs of boomers’ Social Security (the current surplus has masked the true extent of the current budget deficit, but it won’t for much longer), and, hopefully, affordable national health insurance. Not to mention the trillion dollars or so it will take to fix the Alternative Minimum Tax, which is now starting to hit the middle class.
If the rich and super-rich don’t pay their fair share of this tab, the middle class will get socked with the bill. But the middle class can’t possibly pay it. America’s middle class is under intense financial pressure. Median wages and benefits, adjusted for inflation, have been going nowhere for thirty years; health costs are soaring (employers are quickly shifting co-payments, deductibles, and premiums to their employees), fuel costs are out of sight, the prices of the houses occupied by the middle-class are in the doldrums.
What’s fair? I’d say a 50 percent marginal tax rate on the very rich (earning over $500,000 a year). Plus an annual wealth tax of one half of one percent on net worth of people holding more than $5 million in total assets. Can’t be done, you say? Well, the highest marginal tax rate under Republican Dwight Eisenhower was 91 percent. It dropped under JFK to the 70 percent range. You say the rich will leave the country rather than face a marginal tax of 50 percent? Let them, and take away their citizenship.
http://robertreich.org/post/257309173
Taxing the Rich is Not Class Warfare (http://www.mnprogressiveproject.com/diary/9542/taxing-the-rich-is-not-class-warfare)
by: Tony Sterle (http://www.mnprogressiveproject.com/user/Tony%20Sterle)
Sun Jul 03, 2011 at 17:11:07 PM CDT
(Author's Note: If you haven't read Jacob Grippen's article directly below this one, you should. It's awesome and is of the same theme as my post.)
http://www.mnprogressiveproject.com/diary/9542/taxing-the-rich-is-not-class-warfare
Dear U St
Can you quote any prominent Democrat saying he or she is "for income
equality"? It is true that most Democrats favor less extreme income
inequality than most Republicans. Capitalists associated with the Democratic
Party also tend to be more willing to pay taxes. That is because they have a
little more commonsense than their Republican fellow capitalists and
understand that taxes are necessary to keep the capitalist system running
smoothly. For example, if there is no money to repair crumbling bridges how
can capitalists transport their goods? But neither group of capitalists want
to give up their privileges and establish a society based on equality.
Sincerely
Stephen (for WSPUS/WSM)
The logic of Taxing the Rich, and Why Dems are Afraid to Use It
Wednesday, October 17, 2007 (http://robertreich.org/post/257309173)
Taxing the super-rich is not about class envy, as conservatives charge. It’s about the nation having enough money to pay for national defense and homeland security, good schools and a crumbling infrastructure, the upcoming costs of boomers’ Social Security (the current surplus has masked the true extent of the current budget deficit, but it won’t for much longer), and, hopefully, affordable national health insurance. Not to mention the trillion dollars or so it will take to fix the Alternative Minimum Tax, which is now starting to hit the middle class.
If the rich and super-rich don’t pay their fair share of this tab, the middle class will get socked with the bill. But the middle class can’t possibly pay it. America’s middle class is under intense financial pressure. Median wages and benefits, adjusted for inflation, have been going nowhere for thirty years; health costs are soaring (employers are quickly shifting co-payments, deductibles, and premiums to their employees), fuel costs are out of sight, the prices of the houses occupied by the middle-class are in the doldrums.
What’s fair? I’d say a 50 percent marginal tax rate on the very rich (earning over $500,000 a year). Plus an annual wealth tax of one half of one percent on net worth of people holding more than $5 million in total assets. Can’t be done, you say? Well, the highest marginal tax rate under Republican Dwight Eisenhower was 91 percent. It dropped under JFK to the 70 percent range. You say the rich will leave the country rather than face a marginal tax of 50 percent? Let them, and take away their citizenship.
http://robertreich.org/post/257309173
Taxing the Rich is Not Class Warfare (http://www.mnprogressiveproject.com/diary/9542/taxing-the-rich-is-not-class-warfare)
by: Tony Sterle (http://www.mnprogressiveproject.com/user/Tony%20Sterle)
Sun Jul 03, 2011 at 17:11:07 PM CDT
(Author's Note: If you haven't read Jacob Grippen's article directly below this one, you should. It's awesome and is of the same theme as my post.)
http://www.mnprogressiveproject.com/diary/9542/taxing-the-rich-is-not-class-warfare