1946
« Last post by Shades on August 18, 2011, 10:16 AM »
Sorry for not letting it rest.
Although I see your point and actually agree with practically all of it, there is something nagging.
Taken from the U.S. Census bureau:
In 2009 there were 117,181,000 households in the US. The phrase that keeps returning is: "the top 1% controls 95% of the money in the US"
So that leaves a solid 116 million households. How much Federal taxes are for each of those households I don't know, but assume that when on average each of these households pays 1000 USD/year, there would be 116,000,000,000 USD/year on tax revenue.
How can one say that the rich pay the lion share? (yes, I am fully aware that this projection of numbers is way too simple)
Then again, such numbers also mean that taxing the rich more will not make much of dent either. So government spending is the major issue.
Hmmm, how many secret agencies you you really need? The US military machine is also quite costly. Spent a few less percentage points (single digit!) less on these and invest that money in infrastructure (more jobs), alternative energy sources (more high-tech jobs).
Everyone is better off for it (incl. the rich, so I truly don't understand why the Tea party gets their knickers in such a twist about tax increases if the need arises).
If the above makes me a socialist simpleton, so be it. Live and let live.