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thinkahol *

How the GOP Became the Party of the Rich | Politics News | Rolling Stone - 0 views

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    The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent
thinkahol *

The Blog : How Rich is Too Rich? : Sam Harris - 0 views

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    I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance.
    Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing.
    Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment.
    Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy.
    Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money.
    But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll
thinkahol *

Actually, "the Rich" Don't "Create Jobs," We Do | Truthout - 0 views

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    You hear it again and again, varia­tion after varia­tion on a core mes­sage: if you tax rich peo­ple it kills jobs. You hear about "job-killing tax hikes," or that "tax­ing the rich hurts jobs," "taxes kill jobs," "taxes take money out of the economy, "if you tax the rich they won't be able to pro­vide jobs." ... on and on it goes. So do we rea­l­ly de­pend on "the rich" to "create" jobs? Or do jobs get created when they fill a need?
thinkahol *

The Public Overwhelmingly Wants It: Why Is Taxing the Rich So Hard? | Economy | AlterNet - 0 views

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    The obvious answer is that rich people have political clout-but can it really be so simple?
thinkahol *

Op-Ed Columnist - The Angry Rich and Taxes - NYTimes.com - 0 views

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    Political rage is coming not from the jobless, but from the very privileged, who are furious at the thought of their tax cuts expiring.
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