Friday, April 13, 2012

The Buffet Rule

The Buffett Rule

Many People on the right seem to HATE the idea of The Buffett Rule, often citing that there is no need because the rich pay more... They could not be more wrong.

If you think that the current tax system is fair, then get the hell out of here.

If you think the rich are "Job Creators" then get real! They are businessmen and women, NOT "Job Creators", they are rich because they have a good job or business. The only reason they will open a business is to make more money, taxing them less will not make them more willing to open a business.

The White House is pushing for The Buffett rule, and for good reason. As the rich get richer, the poor have been getting poorer; too much money is concentrated among the top .1%. If you are wondering why our economy is doing bad, it is because the middle class has shrunk so much, the people at the top are hoarding the money, and we are doing nothing to combat this oppression.

Both sides of the political isle need to get on the ball. There is a reason Taft drafted Anti-Trust legislation, they did not want too few companies having too much power. However, too few people now have too much power. Decades of low taxes gave the top earners the opportunity to stockpile their earnings and slow the flow of money throughout the economy culminating in a recession.

If we are going to fix this economy, then were are going to have to take some drastic steps, and yes that includes tax increases, minimum wage increases, and fair tax laws.

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