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Let the Real Fat Cats Pay Their Fair Share

Context Wrote: Dec 13, 2012 7:36 AM
I would like to propose a revised "Buffet Rule." It would apply specifically to any one who actively claims that the rich do not pay enough in taxes. (a) 90% rate on all income, dividends, bonuses, interest, and capital gains for all money earned above $250,000 (b) No deductions allowed for any reason. These folks have enough, right? (c) Estate taxes of 55% on anything beyond the first million dollars bequeathed. (d) $1 per ticket sold for any professional actor/sports figure if their annual salary exceeds one million dollars. If NBA players draw 400,000 players to their home games in a season, let each of them pay $400,000 to the government to help offset the roads and arenas that "they did not build." Hey - this is fun.

Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president's earlier warning that, "at a certain point you've made enough money."

Could both zillionaires simply have quit making money at $10 million -- and thereby given their poorer audiences a break on ticket prices?

With all the talk of raising taxes on the supposedly conservative wannabes who make $250,000 per year, why not additionally levy a $3 surcharge on discretionary tickets for...