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The current debate over taxes on the very rich is one example of this short memory – a move raise taxes on the top 2% from 35% to 39.6% still leaves the rate near the lowest in history.
We should increase tax on the very rich who, as one candidly admitted, pay tax at a lower rate than their cleaning ladies.
So, even though huge majorities support keeping Medicare and Social Security strong, and raising taxes on the very rich in the interest of sustainable government, one single-issue group drives national affairs — to the bafflement of average citizens.
It didn't happen because Republicans refused to support anything that raises taxes on the very rich.
He also said he's not focused on the very rich, and the PAC report shows why.
He declared on Jan . 28that imposing hypertaxes on the very rich backfires.
So raising taxes on the very rich could make a serious contribution to deficit reduction.
As a result, taxes on the very rich are currently the lowest they've been in 80 years.
"It shows you that the media's focus on the very rich and on bankers' bonuses wasn't misplaced".
And very high taxes on the very rich — that was invented in the United States," he said.
And, since the giveaways would be concentrated on the very rich, measures of post-tax inequality would rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com