IMO it's even more retarded to have those who can't pay taxes get few breaks, and the rich 1-5% crying about their pennies being lost to "socialism".
But then again that's just my opinion, and probably where we differ.
Oh, and plus, many of the corporations use legal loopholes to dodge a ton of those taxes.
--donut3.5--
Uh.. if I know percentages at all, I think that the rest of the 95% is only paying 22% of the countries taxes.. but whatever lol.
I'm definitely not in the top 5% or even the top 50% lol it's the principle and the economics of it that will hurt.
Say that Obama raises the taxes for the top 15%, there are quite a few options.
1.) The business owners (obviously not the corporate, or maybe in time they will) will raise prices for their goods/services so that they can make a profit.
2.) Business owners will lay off workers to cut costs.
3.) Businesses close.
Obviously, many things could sprout out of those, but I don't have all night to write a long ass post that will be ignored or misunderstood anyway.
And, no where did I say that the "Middle-class" should be taxed more. They shouldn't but the "Upper-class" shouldn't be taxed more. Try actually cutting spending on ridiculous shit and cut programs and unneeded shit out of the goverment.
Like, oh say, the spending that Senators/Congressmen put onto bills while they're getting revised. I just blanked out on the name for it, I can't believe it..
Anyway, on the Budget that Bush vetoed it was vetoed on the principle that there was too much spending for things that shouldn't even be put through Congress, like the Charles Rangle center. I wonder who put that one on.
I think (I can't remember it was a year or two ago) that project was a million dollars or so, and it was one of the cheapest things on the bill, that was added, to be paid for by the government.
Point is, there are so many other things that you can do besides raising taxes. Raising taxes should be the last option you take.