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View Diary: Warren Buffett calls for A Minimum Tax for the Wealthy (107 comments)

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  •  That would probably also cut in half the number (7+ / 0-)

    of people complaining about the rich people tax.

    He who can make you believe absurdities, can make you commit atrocities.

    by Sophie Amrain on Mon Nov 26, 2012 at 05:09:25 AM PST

    [ Parent ]

    •  Way more than half, (6+ / 0-)

      it's an exponential curve. Lots more people between 250K and 500K than there are above 500K.
      But to be real, even if ALL the BTCs are cut, the average worker sees something like $12/month increase.
      If that means the government can spend more on stimulating the economy, lowering unemployment, launching new tech sectors et cetera, that $12 tariff will return a much better economy for everyone.
      So all the scare talk about kicking the recovery into reverse is ONLY true if they don't do anything to remediate.
      Just like that name "Fiscal Cliff" is a scam to herd the sheep, the aftermath of the cliff dive is only ugly if the GOP obstruct remedial action.
      Don't fall for the Fiscal Bluff.

      If I ran this circus, things would be DIFFERENT!

      by CwV on Mon Nov 26, 2012 at 06:44:10 AM PST

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      •  CwV - I agree with you (2+ / 0-)
        Recommended by:
        elwior, lostinamerica

        Let all the Bush tax cuts expire, the Treasury needs the money. Add an additional tax on top for the top earners, maybe the "Sanders Millionaires Tax".

        "let's talk about that"

        by VClib on Mon Nov 26, 2012 at 08:57:52 AM PST

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        •  Looking at brackets from pre 1960 era (3+ / 0-)
          Recommended by:
          VClib, a2nite, elwior

          and adjust the dollars....I might like 6 additional brackets

          2mil
          4mil
          6mil
          12mil
          24mil
          48mil

          FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Mon Nov 26, 2012 at 10:24:29 AM PST

          [ Parent ]

          •  now convert those into current dollars (1+ / 0-)
            Recommended by:
            Roger Fox

            and apply the same rates and look how much revenue we would produce

            "We didn't set out to save the world; we set out to wonder how other people are doing and to reflect on how our actions affect other people's hearts." - Pema Chodron

            by teacherken on Mon Nov 26, 2012 at 07:30:38 PM PST

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            •  I'm not concerned about revenue (0+ / 0-)

              shifting tax burden from the middle 85% to the top .33%, oh yeah.

              Working and middle class families used to be allowed to keep what they earned in the 50 yrs prior to the Reagan years. Engaging these families in the economy. Now these families are taxed out of the economy.

              FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

              by Roger Fox on Tue Nov 27, 2012 at 08:03:30 AM PST

              [ Parent ]

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