In response to:

Democrats: Absent Tax Hikes, We're Totally Willing to Head Over the Fiscal Cliff

HermanBB Wrote: Nov 16, 2012 4:07 PM
Obama ranting about tax increases for the rich are just code words for increasing taxes on white people. Even if we raise taxes on the rich it would supposedly only increase revenue by less than a trillion dollars.
Charles SWVA Wrote: Nov 17, 2012 8:38 AM
increasing taxes on white people.


Herman, how many black athletes made millions per year? Are they excluded from the hikes?
Illbay Wrote: Nov 16, 2012 4:19 PM
Actually, by my calculation if you CONFISCATE EVERYTHING "the rich" have, it will raise that amount.

Unless you're talking about One Trillion over ten years.
DB07 Wrote: Nov 16, 2012 4:15 PM
Somewhere around $80 billion/year, depending on how millionaires and billionaires (anyone who makes over $200,000 in a year) adjust their finances to shelter income.

Profoundly irresponsible?  Of course.  Politically insane?  Not really.  I'll expound on the second point in a moment, but first, let's survey the brazen talk from Team Blue -- with massive, recession-inducing tax hikes hanging in the balance.  Our new friend Patty Murray is at the front of the line:
 

Senator Patty Murray (D-WA) says that if Republicans do not agree to let tax cuts expire for Americans making over $250,000 per year, the country should go over the fiscal cliff, which would allow automatic cuts in spending and the expiration of all tax cuts to...