|Source:U.S. News- So if we stop taxing this rich guy, he's going to rebuild the country for us?|
"I'VE COME TO THE reluctant conclusion that there's only one progressive solution to the problem destroying American politics and, with it, our country's future: Give Republicans the one and only thing they care about.
That's right – let's exempt the wealthiest 5 percent of Americans from all taxes. Permanently."
You can read the rest of this piece at U.S. News
"Tax the rich: An animated fairy tale, is narrated by Ed Asner, with animation by Mike Konopacki. Written and directed by Fred Glass for the California Federation of Teachers. An 8 minute video about how we arrived at this moment of poorly funded public services and widening economic inequality. Things go downhill in a happy and prosperous land after the rich decide they don't want to pay taxes anymore. They tell the people that there is no alternative, but the people aren't so sure. This land bears a startling resemblance to our land."
|Source:Fred Glass- Uncle Sam's money"|
|Source:The Wall Street Journal- Uncle Sam, giving out free stuff?|
Look, for anyone who labels them self a Progressive and perhaps because they don’t want to admit to their more socialist leanings and believe that allowing people to have a lot of money is a dangerous thing, even if they earned all of that money and just don’t want to tax them more for public investments, but somehow see wealth as a bad thing in America, I have a good suggestion for you: Tax everybody, except people who truly can’t afford to be taxed at all, people who work in poverty. But tax people based on what they take from society and not what they earn.
What Senator Ben Cardin who serves on the Senate Finance Committee and just happens to be one of my U.S. Senator’s calls a Progressive Consumption Tax and I call it that myself, would solve a lot of our tax problems in America.
The poor, would still get their Earned Income Tax Credit and would only have to report their income to get it. Everyone else that is out of poverty earning an income would be taxed based on what they spend. And it would be progressive, because taxes on the basic necessities of life would be taxed fairly low.
Luxury items including ball games and other forms of entertainment, would be taxed higher. The more expensive the purchase, the higher it would be taxed. And the rich would end up being taxed more, because they spend more.
Tax people based on what they spend and take out of society, instead of what they contribute and earn and the rich would pay a helluva lot in taxes simply because they live luxurious lifestyles and can afford too. While everyone else would pay lower taxes, simply because they don't have the money to live luxuriously.