Investment dollars are easily exported... labor is not. The solution to the wealth gap isn't to punish the wealthy, because they will simply move their dollars where they aren't punished and take the jobs they create with them. The solution is to encourage them to keep their money here. They're going to make their ROR no matter what we do, so we may as well make sure they employ people here. Make the poor richer, not try and make the rich poorer. I'd note that if their company is here, they will pay all sorts of taxes merely by that virtue.... and if the company is here, so are their wealthier executives.

(11-23-2015 04:52 PM)Owl 69/70/75 Wrote:  

(11-23-2015 04:47 PM)Kaplony Wrote:  

(11-23-2015 04:10 PM)gsu95 Wrote:  I think the perception, fair or not, is that the game is rigged in favor of the rich and they should be required to pay their fair share of taxes -- the proceeds of which in turn might be used to fund college educations, etc.

The rich already pay the vast majority of the taxes this country brings in......what exactly is "their fair share?"
http://money.cnn.com/2013/03/12/news/eco...ich-taxes/

Quote:Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States.
What's more, their share of the tax burden is increasing.
The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.
The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at all -- a fact that got Republican presidential candidate Mitt Romney into political hot water last year.
"There's been a huge myth created that the rich aren't paying anything," said William McBride, the Tax Foundation's chief economist. "The rich pay a much higher rate than the poor."

And, as I noted above, the "rich" pay much more here than they do other places. So do corporations, even more so.

What's absurd is that the left beats up on the "rich" and corporations for moving income overseas to pay lower taxes, but somehow they can't connect the dots and figure out that for that to happen, our taxes on the "rich" and corporations must be higher than those in other places. Intellectual honesty is not their strong suit.

Oh they have it figured out, but you can't pander for votes by demonizing the "evil rich" if you admit that your own policies are the reason behind the "revenue gap".