Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer

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lordmandeep said:
The tax rates are fine, just close the loopholes.

Massively increasing taxes on the rich will just transfer the wealth (to other countries) as there are so many current tax loopholes.

Meaning it will not do much...


Also increasing taxes on the rich will not solve the budget problem single handily and anyone who thinks that should stop drinking the kool aid served by Barrack Obama.

I totally agree with you but thats what I would expect them to bring with it. I would also say that people will be very vocal about loop holes. I still Personally  think 38 % for the very rich..close loop holes.  I will also say that I totally agree with you that tax's don't cut it. You have to break up the banks that own our economy. I would also not rule out more regulation to where it is needed. Lets also amend the 14 amendment that corporations are people. Last lets downsize our defense fund that has tripled since 2006. There is a lot of waste and money used on complete sh-t.