I realize one of the few themes the liberals can admit is the class war. Get over it. We're all in the sinking boat together.
What liberals tend to forget is freedom is a responsibility and that free-will choices come with consequences. But if not working is met with welfare then there are no consequences and it's not a free-will choice. Still, consequences cannot be avoided, here, the loss of freedom to dependency."free-will choice" to not work
when has this tax rate been this low in the country before?
I wonder if Obama has ever thought about a long term solution.
Maybe because tax revenue bears so little in relation to spending that the last few years spending has exceeded revenues by over ~$1.3T. This proposed tax increase will make at best $100B. But that assumes that the tax increase won't cause a recession and less tax revenue. Spending is the issue, not raising taxes.
Plus the push to tax the rich isn't about revenue anyway. Obama has said over and over that raising taxes in a bad economy is bad and can cause a recession. It is about driving a wedge between economic classes. Currently 47% pay no federal income taxes. What will election results look like once 55% don't pay federal income taxes?