For weeks President Obama has traveled the country delivering speech after speech asserting that if implemented, the so-called “Buffett Rule” would “stabilize” our national debt over the next ten years. In reality, however, it would do almost nothing to solve our lingering budget woes or pay off our national debt. Nevertheless, his unrelenting tax-the-rich mantra seems to be resonating with voters. According to the latest Gallup poll, 6 in 10 Americans support the Buffett rule – named for billionaire investor Warren Buffett – a policy that would impose a 30...
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besides, progressive income tax flattens out the overall tax burden, given the regressivity of sales tax, payroll tax, surcharges, user fees, fines, etc etc. Even property tax has a regressive element. Progressive income tax--and income tax has always been progressive, from inception--flattens out the tax burden. It does not make the tax burden disproportionate to the wealthy--which it should be, by the way (that is an economic argument. I'll leave the moralistic nonsense to you half-pints).
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