Video: “You know what? It won’t kill the country if we raise taxes a little bit on millionaires”

Agree. I never understood why we chose that hill anyway.

Raise the rates. Now.

faraway on November 11, 2012 at 3:12 PM

We chose that hill because taxes hikes are destructive to the economy, and every bracket pays for the taxes of every other bracket. It’s a shell game. Rich people hire everyone, sell everything, and do all the investing. We pay their taxes, just as they pay ours (if we have less money to buy their stuff, their business goes down).

We also chose the hill because it’s not a one-off. In two years, they’ll be asking for another tax hike, and another. There’s no political reason to allow one tax hike; in two and four and six years, those darn Republicans will be standing in the way of a tax hike for the rich. That’s the nature of socialism. There has never been a time in any western country of the last 100 years where the left wing of the party thought the taxes on the rich were high enough. It’s a slippery slope right to Communism. So there’s really no reason to allow a single tax hike.

Of course, that was back when we thought the electorate understood this. As we’ve now been disillusioned, it’s time to raise the rates. Preferably on everyone. Pass a full repeal of the Bush rates and put it on his desk. He’ll sign it.

What’s important now is that Republicans make it clear to the public in advance of the recession that Obama’s calling the shots. Of course, Boehner being Boehner, it’s likely we’ll get a disaster instead, with him blubbering under the media spotlight for months, then caving, then getting the blame for “obstruction” that lead to the sequestration and “triggered” a recession. They don’t call it the Stupid Party for nothing.

HitNRun on November 11, 2012 at 3:39 PM