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View Diary: Krugman On The Proposed Deal (341 comments)

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  •  If you don't intend to benefit anyone (1+ / 0-)
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    thegood thebad thedumb

    there's no reason to tax the rich, unless it's just some raw desire to "stick it to them".

    Now, I think we should head right back to an effective rate of 60% on income over 1 million dollars - but not just to say "Hey, we taxed the rich" while cutting benefits people need to survive.

    "Furthermore, if you think this would be the very very last cut ever if we let it happen, you are a very confused little rabbit." cai

    by JesseCW on Tue Dec 18, 2012 at 03:06:14 PM PST

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    •  It benefits everyone else (0+ / 0-)

      to tax the rich because, all things being equal, everyone else's taxes have to increase.

      AND...even if I did want to tax the rich out of a "raw desire" to stick it to them...that still is not an example of schadenfreude.

      "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

      by Old Left Good Left on Tue Dec 18, 2012 at 03:28:29 PM PST

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    •  Also (0+ / 0-)

      Can you pinpoint a time in which the effective rate of taxation on the rich was 60%?  For purposes of such comparison, let's assume that "rich" is a taxable income of $250,000 (in current dollars), since that is the focus of current discussion regarding top rates.

      "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

      by Old Left Good Left on Tue Dec 18, 2012 at 03:32:45 PM PST

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