Monday, November 12, 2012

Robert Reich On Taxing The Rich

Robert Reich offers two articles, each in its own way an argument for why we must tax the wealthy their fair share of the burden:
  • On Facebook, via ellroon, on how to cut the deficit by the apparent consensus figure of $4 trillion, "without raising taxes on the middle class, without cutting Social Security or Medicare and Medicaid, without cutting education or infrastructure, without reducing programs for the poor."
  • On Reich's own site, about the next game of economic "chicken": the notion of competing legitimate national needs and the role of timing in meeting them;
Sounds good to me. America's wealthy have never been richer, or taken away a larger share of total income, or paid less in taxes, than today. It's time they carried their load.

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