Do any of you really believe that if taxed were raised taxes as high as possible on “the rich” (how about a marginal tax rate of 98% on all income higher than what PatentGuy makes?), the deficit will be any less five or ten years from now? Seems to me the wealth confiscation arguments are really about jealously and envy. If you don’t have it, why should they? Human nature at its finest.
As far as Warren Buffet or Bill Gates (or whomever) advocating higher income tax rates, I will care what they have to say as soon as they advocate long term capital gains rates should be at least 40%, and that at least 50% of their total estates go to the government, instead of their chosen charities. Otherwise, they should also STFU. They pay very little in income taxes because they make very little income. Big difference between being asset rich instead of “paycheck rich”.
Come on Brian, why should a “progressive” want Warren Buffet to decide how to spend his own money? Isn’t that the government’s job? We’re talking tax “cuts” around here, meaning it’s rightfully the government’s money to begin with.
Gates and Buffet play you libs for fools. They bang the drum for higher income tax rates they will never pay, even if they are implemented, and then they spend their wealth on stuff they think is important instead of what the Democratic Party thinks is important. How can you stand for this?
