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The Perils of Tax Rate Nostalgia

D272 Wrote: Dec 05, 2012 6:53 AM
Tax rates are a joke. Everyone should pay their EQUAL share, which is the only way the government will ever be under the thumb of the people. We don't need any short or long forms from the IRS, just a bill totaling what Congress spent divided by the number of eligible voters (i.e. Citizens) [around $12,300 in FY2011]. If Congress is doing important work, then we should all pay our equal share. If they aren't doing important work then we shouldn't be paying for it. The people paying for it should get to decide how it gets spent. If you don't pay your equal share you shouldn't get to vote. If you want to vote, but you aren't paying your equal share you need to ask yourself, "What am I doing wrong and when am I going to participate?"

A version of this column appeared originally in USA TODAY.

Americans have always reveled in nostalgia about the music, fashion or favorite foods of bygone eras, but a sudden yearning for the high tax rates of yesteryear represents a startling new development. While some opinion leaders pine openly for the tax system that once claimed a big majority of income from top earners, their cozy, communitarian vision offers a deeply distorted view of those good old days.

In his defiant "Twinkie Manifesto," professor Paul Krugman, Nobel Prize winner in economics, affectionately cites "the '50s — the Twinkie Era"...