Quote:
Originally posted by Mmmm, Burger (C.J.)
Bullshit. If you taxed the top group 99% and everyone else whatever you needed to make up the deficit, you're telling me that it would not matter one whit if you dropped the top rate to 98%, because it's a move away from progressivity. Bullshit, I say again.
If your beef is that the current tax system is not sufficiently progressive, then fine, but call it that. Don't dress it up as "tax cuts only for the rich." The problem is that the rich are the only ones who pay enough taxes as it is to have cuts of any significance.
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I don't know how much you make, but a 5% drop in my tax rate would have an impact on my standard of living. And what's more, I would most likely spend a larger protion of it on durable goods and consumer goods that provide jobs to a broader base than those who produce luxury goods. I might even have enough to save more, so I would be able to swallow a shift from the current social security system to a needs-based system. That would provide real economic relief in terms of paying down the deficit.
And I thought I stated fairly clearly that my beef was not that the system isn't progressive enough. My beef is that the tax cuts all benefited the top income earners at the expense of the great majority of taxpayers.
