In response to:

Fiscal Cliff Notes

aowyns Wrote: Dec 04, 2012 3:38 AM
Didn't you READ the article?? The amount extra money 'collected' by the government from the rich would contribute absolutely NOTHING to solving America's economic problems. We could confiscate ALL the wealth from the top one percent and it would run government debt free for a whopping three months. Then what?

Amid all the political and media hoopla about the "fiscal cliff" crisis, there are a few facts that are worth noting.

First of all, despite all the melodrama about raising taxes on "the rich," even if that is done it will scarcely make a dent in the government's financial problems. Raising the tax rates on everybody in the top two percent will not get enough additional tax revenue to run the government for ten days.

And what will the government do to pay for the other 355 days in the year?

All the political angst and moral melodrama about getting "the rich" to pay...