This is going to leave a serious mark. And, hopefully, it will lead to some thoughtful discussion instead of the demagoguery we’ve seen in the recent political landscape.
Here’s from CNN …..
Warren, the Massachusetts senator and populist champion, said Tuesday that she supports Trump’s proposal to levy higher taxes on the rich.
“There are a lot of places where he gets out and talks about important things,” Warren said during an appearance on “The View.” “Donald Trump and I both agree that there ought to be more taxation of the billionaires, the people who are making their money on Wall Street.”
Warren rejected co-host Joy Behar’s suggestion that Trump had taken a “liberal position.” ……
You can read more at the link.
Here’s The Hill ……
Paul Krugman, the liberal economist and New York Times columnist, said Monday that leading Republican presidential candidate Donald Trump is right on taxation and economic policy.
In a Times op-ed, Krugman wrote that Trump is correct to embrace a tax hike on the rich and speak out in favor of universal healthcare. He added that conservatives — who are now slamming Trump’s proposals — were wrong to warn about the ill economic impacts of those policies ahead of the 2012 election.
“The economy has nonetheless done far better than should have been possible if conservative orthodoxy had any truth to it,” Krugman wrote. “And now Mr. Trump is being accused of heresy for not accepting that failed orthodoxy?” …..
You can read more at that link, as well.
A question to Krugman and obliviates …. can you point to a time in modern US history where the US tax code had ever conformed to conservative thought? No? Then it never could have possibly failed. Forget either of the Bush’s. At no time during either of their presidencies did our tax codes reflect conservative thought. It was actually closer during the Clinton presidency, because of the pressure the Houses exerted, but, still far from conservative thought. Reagan couldn’t even get it close to what conservatives believe. Since the depression, though, through fits and starts, our tax code has been progressively leftist.
For nearly 100 years, the US has suffered through a progressively progressive tax code. No one can deny this obvious fact. Indeed, the foundations of our current tax code is simply an expression of leftist ideology.
I suppose it could be a different conversation if the people so adamantly for increasing the taxes on our neighbors and fellow countrymen would actually have an expressed purpose for such new taxes other than attempting to make our neighbors closer to our poverty. Some seem to have a belief that tearing someone else down, somehow, makes you bigger and better. It doesn’t work that way, it never has.
Now, this isn’t to say I’m against any and all forms of taxation. I’m not. Taxes are a necessary evil …… for all people. The purpose and only focus of taxation policy should only be towards funding the mandates of governance. The notion that rich people don’t pay their fair share is demonstrably untrue, and has been for decades.
It is supreme idiocy to believe that if we could just get the top 50% income earners to pay 100%, rather than the 97% they already pay, that somehow our nation would be better off.