Written : Dec. 21, 2010
David Gregory of Meet the Press quoted President Obama from his book, Audacity of Hope, on the Dec. 19, 2010 show. Mr. Obama found the Bush tax rates for the wealthy “morally troubling.” Vice President Joe Biden said, “They are.” Mr. Biden insisted that he and President Obama still believe lower rates for the rich are immoral.
Bill O’Reilly took a more sensible view on his own show a day later. Bill feels it’s immoral for the responsible to pay for the irresponsible. O’Reilly believes the responsible can support others if they so choose, but it should not be an imperative set in place by the government. I agree, it should be up to us as to what we share, and not up to someone else’s arbitrary view of morality. Should others tell you what to do?
As one TV commentator puts it, “How much is too much?” Rich people pay about 70% of all U.S. taxes, depending upon how you define ‘rich.’ Their individual tax rates can be as high as 60%, if you include state, local, and sales taxes to federal. If taxes are to be raised on upper-income people, what is the appropriate rate? Do we try 80%? Why is that fair, and how do we know they are not already investing the extra 20% in stocks or in some form of business? Therefore, how can we assume they are not already creating or maintaining jobs for some of us? Wouldn’t it be suicide for us to pull the rug out from under them?
The Vice President said he and The President broke their campaign promise on letting the Bush cuts expire, and supported the recently passed the tax compromise bill only to help the middle class. This bill extends the Bush-era tax cuts for every American for another two years. Does he not realize that the struggle is and should be an individual one, and not based upon one’s economic class? Vice President Biden wants to revisit raising taxes on entrepreneurs prior to the next presidential election. Does he not understand that this is a recipe for disaster for his party? I guess not!
For more information about Mark A. Cohen, see The Castle Rock, CO Gathering Place, Writer of the Month for Nov. 2010
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1 comment:
Oh Oh, I know the answer to this one, Its the people who are so poor that they don't pay any income tax that are the immoral ones isn't it... We definitely need to increase taxes on the poor to mitigate the suffering of those $250k+ earners.
For fucks sake, dont you have any sense of personal morality at all?
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