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Let the Real Fat Cats Pay Their Fair Share

Diogenese_wy Wrote: Dec 13, 2012 1:13 AM
Margret Thatcher: “Socialism is fine until you run out of other people’s money”. Tax the rich is preposterous. They just pick up their marbles and find a more equitable game. If the top 5% of earners (who pay over 60% of taxes) decide to close up shop and live off their off shore accounts in a country that is cheaper than the US for the next four years where will the money come from to support the government give-away programs? Remember, it’s an INCOME tax. No income. No tax.

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...