Quote:
Originally Posted by Flint
I think the problem with that is, how many times can you apply that as a band-aid fix to the problem?
As an individual, if I'm having trouble paying my bills, I can't just make more money magically appear. Being a responsible adult tells me that making CUTS TO SPENDING is what I have to do in order to make ends meet. I don't know why it would be any different, on any scale.
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I dont look at a 3-4% increase on the marginal rate of the wealthiest as a band aid fix, but as shared sacrifice. I'm not talking about returning to the pre-Reagan era of 70+ % rates, just returning to the Clinton rate where the wealthy did not suffer from over-taxation.
Progressive taxation, where the wealthiest pay a marginally larger percentage, is the only proven system that works.