Monday, March 23, 2009

Tax the Rich!!

Tasty segment on Morning Joe today.



Believe me, if you think that a highly progressive tax on individuals or businesses is soaking the rich, you are mistaken. It's only soaking the upper-middle class and small business owners. (You know, 3/4 of the job creation in this country.)

Sure it's looks real good to the unaware electorate when they're told that the rich are being taxed more, but the truth is, they are not. The more complicated and progressive the tax code, the more loopholes the really rich can slide through.

Meanwhile, small business, now "rich" by the current administration's definition, gets lit up, because they're too busy creating jobs, wealth, product, and services to devise creative ways to avoid taxation, yet aren't big enough to lobby for a loophole or an earmark.

1 comment:

  1. Nice post Eric. I know you are friends with a couple of small business owners that are probably affected by this. I think it would be a great read if you interviewed them and posted it on your blog. I am not one to trust much of anything I see on the TV or internet that is sponsored by big media. An interview like this, will probably have more impact on people who have the same qualms about the media as I do. It will be more believable.

    ReplyDelete