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View Diary: omigod! "they" actually WENT there! (195 comments)

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  •  Not a winning argument. I'll explain why . . . (2+ / 0-)
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    edrie, Cats r Flyfishn

    If we let all of the tax cuts expire, we would hand the Republicans exactly what they want.  It's the final stage of a long running massive wealth redistribution from the lower 80% to a comparatively tiny number of privileged few at the top.  

    If we let all of the tax cuts expire, we'd be allowing the Republicans to have the full culmination of their game.

    Here's a very brief description how it works:  every earner with more than a million in income per year gets a million dollar bonus.  The total cost of these generous gifts is
    $1 trillion. There's no way to fund that amount so it goes into a bucket we call "Public Debt."  Whenever any portion of that $1 trillion in "Public Debt" is paid off, who should pay it?  Should the recipients of the $1 million gifts pay it off.  Or should the $1 trillion cost be socialized across the general population, so that everyone contributes something to pay for the gifts that were given to a few?  

    What if this scheme could be institutionalized and made permanent so that a tiny number of privileged few at the top are continually given such extravagant gifts while we hit up the rest of the population to pay for it?  

    Is that really what you want?

    There is no existence without doubt.

    by Mark Lippman on Sat Mar 02, 2013 at 10:22:44 AM PST

    [ Parent ]

    •  I don't understand what you're saying (0+ / 0-)

      How do million dollar earners get a million dollar bonus if the Bush tax cuts expired?  They'd be paying a higher rate on all of their income; now, they're just paying a higher rate on income over $450k.

      Besides, the Repubs would never have agreed to let all the cuts expire.  They would have caved and agreed to the $250k limit.  Otherwise everyone would have blamed them for taxes going up.

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