Jamaica scatty

AGP ’12 – Sun Is Shining

After a dismal looking start to the day the sun finally came out and shone brightly for the rest of the afternoon.

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  • IF they raise the top tax rate to people who earn 1million a year, then no one could defend against it. I think that the 200,000 (250,000 for couples ) is just to close to what we would like to earn, and does seem to be arbitrary. Millionaires should pay more taxes.

  • I thought we were equal under the Constitution. Don’t we all have an equal responsibility in support of our government? Why are people who are successful deemed guilty and charged more for their success? At worst it should be a flat tax.

  • I am with Grace, 1 million should be the bench mark. Many goverments have looked at a flat rate taxes, it just doesn’t work. Steve, define ‘successfull’, do you rate the billionares that made their illgotten gains on the backs of honest, hard working Americans, succesfull? When I see CEO’s getting 2 or 3 million $ bonus on top of their multi million $ salaries from a company thats losing money, I can’t help but sympathise with the shareholders. When ‘successful’ people are making so much money, they can buy goverment officials, orchestrate a war or assassinate any one that opposes them, while ordinary folk (not so successfull) cannot afford to buy food, much less health insurance, I tend to think they should at least pay more taxes. Billy G.

  • I think it is easy to pick an arbitrary amount to increase taxes on when your not in the income bracket. The top 5% of earners already pay about 57% of income taxes, while the top 50% pay 97% of the taxes. How much more should we take? The problem is so multi-faceted that there is no easy answer, but a good start would be to stop spending so much.

  • People aren’t spending that is the problem. That is why companies aren’t increasing their workforce and new jobs are being created. If you give a break to the people who take all of their money to live, studies show (NPR told me this tonight) that the money will get spent. Higher earners will save, or buy down debt, or build up their 401k. When you only make a little bit of money, every dime counts.