[quote=ocrenter][quote=ctr70]25% of the top income earners in the U.S. pay 90% of the income taxes. Isn’t 90% enough??? I just can’t see why Obama wants them to pay MORE and MORE. Isn’t that enough already?
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This does seem like an alarming statistics, doesn’t it, ctr?
But the problem here is the top is increasing their income while the bottom is stagnate, so how do we increase the bottom’s share of the tax burden when it is the top that is increasing their income?
For example, if the top 1% increase their income by 10% in the same year that the rest of the 99% grew by 0.2%, how should we increase the tax burden of the bottom?
Here’s another scenario, the top 25% holds 87% of the wealth in this country. So how can we hold the other 75% accountable for that 13% of wealth?
And when a government is trying to go after more revenue, which of the piece of pie should it go after? the 13%? or the 87%.
I don’t have the answer. But seems to me the government is just going after where the money’s at. whether that is right or wrong it is up for debate.[/quote]
You have to go after both.
The reason is really simple. If you don’t, you continue to have people demanding more more more because it’s free to them.
In the end, I only see three ways out of this for us as a country.
1. We figure out how to get the every increasing portion of our low skill population to have value added skills that qualifies them for something more than being a package picker at an major online retailer warehouse. There’s roughly 7 billion people on the planet that can do that job.
2. We institute ‘living wage’ rules and enforce them and accept the economic impacts of it and reduction in consumption.
3. We hyper-inflate our way our and accept the normalization of our standard of living with the rest of the world.
