re: #234 Obdicut

I don’t think taxing the wealthy at a higher rate (% of total income) and declaring tax warfare on business is going to get us out of this recession any quicker. Businesses with cash are holding on to it and they’re reluctant to make capital investments because of the uncertainty created by this administration- they’re uncertain about what taxes and hidden costs lie in store for them from the anti-business, idealogy driven President.
By the way, I understand how “progressive taxation” works. Like I said, I’m not wealthy but I just don’t like the idea of “skimming from the top” (as Sagehen refers to it). How about we all pull our own weight and cut back the massive spending so that we don’t have to talk about taxing the rich more (as a total percentage of their total income).
The Republicans screwed up the economy with massive spending in the pre-2008 period and now the reckless spending by the Democrat along with Obama’s ideology driven tax threats are merely prolonging the recession.