Ben Stein says that taxes has to be raised on the rich....

[richardhutnik]

klystron said:

Mr Khan said:

klystron said:

RedInker said:
Taxing the rich is a must. But neither Obama or Romney have the balls to mention this. Ive said this before America has to get its debt down or the country will go pop like Greece and the ramifications will fuck up the whole global economy.

One of the problems with "taxing the rich" is that you must consent to the government to define the meaning of rich. Someday you'll be on the wrong side of that line because the definition will always change. This is why I don't like giving the government the power to draw a line and treat people differently on one side of it or the other.

That's a pretty poor line of reasoning. Surely there must be an objective measure of wealth, even for the "small businessman" argument that i've heard against using the income definition of wealth.

So if a president says he wants tax policy that raises taxes on everyone making $250,000 a year, you are ok with that? So what happens if the next president wants the line drawn at $25,000? You ok with that then? What if it becomes $250,000 and stays there and hyperinflaction has the poverty line at $300,000. Is that ok?

The small business argument is a very valid argument. Most small businesses are subchapter-S corporations where the business income is filed on top of the owner's individual tax rate. If you don't like the argument then advocate simpler tax policy.;

I simply cannot understand the argument that we should raise taxes rather than cut spending. We've had so much government spending the last four years if it was going to fix the economy it would have. We should fix spending at a percentage of GDP and leave it there.

The argument is not rather.  The argument is whether or not taxes need to be raised or not.  Even Obama agreed to budget cuts.  He even agreed to more, if the Bush tax cuts were allowed to expire on income $250,000 or greater.

There is an issue now with tax revenues, due to the economic slowdown.  As a percentage of GDP, tax revenues are lowest in decades.