Quote from: P4man on December 28, 2011, 09:42:45 AM

Quote from: The Script on December 28, 2011, 09:35:07 AM

So you propose taxing the rich and what? Giving the money to the poorer people to spend? Using it on infrastructure? Government creating jobs?

Or pay down the debt, or lower taxes on the other 99%. Its not up to me to say how US taxpayers money should be spent, whether its on a functional healthcare system, infrastructure, education or something else, but from an economic POV its madness to have an upper 1% who own nearly 40% of the wealth and effectively tax them at lower rates than the bottom 99%. Wealth doesnt create jobs, demand does.

That's not strictly true, either. You have to have capital (wealth) to start a business. But without demand you will not survive long. Like I said earlier it's a double-sided coin. I would like to see taxes lowered on everyone and I'd rather see spending lowered then taxes raised. The US government survived just fine without an income tax all the way up until 1913 and since then it's just been one excuse or another to keep raising taxes. Taking a third of a working person's income seems much much too high in my perspective, especially with the sorts of things I see it spent on (undeclared wars overseas, corporate subsidies, fat wasteful defense contracts, inefficient welfare programs, etc.).