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

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  •  but there are other distinctions (2+ / 0-)
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    Words In Action, elwior

    that make a difference, deductions for plant and equipment, for owning real factories that produce jobs, or FIRE dominating the picture and casino debt.   Less income inequality,   if CEO's make ten times versus five hundred times the average salary of the workers, one is addressing a different policy problem.

    Effective tax rates matter, so does effective tax policy that supports growth overall in the economy, not just to 1-2% of the taxpayers.

    •  I think I agree... (1+ / 0-)
      Recommended by:
      elwior

      ...CEO compensation limits make people feel better - its the fairness thing.   But it has no impact on solving our real problem - income stagnation in the middle class.

      So I care about what do you do with a meaningful amount of incremental tax dollars (and I don't think CEO comp limits will supply enough).   Again - education and training....

      And an intelligent industrial policy - credits for hiring locally, credits for manufacturing facilities, and yes, a big tax cut for repatriating offshore earnings IF you use the money to hire locally.

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