by The Daily Republic
April 19, 2012 at 2:17 am in The Daily Republic
‘Millionaires and billionaires should pay their fair share,’ Johnson says.
Tags: Buffett Rule, Congress, Politics, taxes, tim johnson, updates 6 Comments »
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News Flash Mr. Johnson: millionaires and billionaires already pay their fair share and then some. The polls say that the majority of people think rich people should pay more taxes. Duh. What do you expect them to say?
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@M.D. Maag: “millionaires and billionaires already pay their fair share and then some”?….wait..what? You call an effective tax rate of 14%, which is what Mitt Romney pays a “fair share”? I don’t think so. And he is not an exception in any way.
Income for the top 1% has grown by about 200% over the last thirty years while it has stayed almost the same for the middle class. It is time they give back to the country that gave them the opportunity to be wealthy in the first place.
Like or Dislike: 10 1
I gotta go with “freethinker” on this one.
@M.D. Magg who says “the polls say that the majority of people think rich people should pay more taxes”, here’s another news flash for ya…..in a democratic society, majority rules. At least that’s the concept. But fear not “M.D.”, the elite will never allow that to happen. Sorry “freethinker”, that’s the reality.
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Majority rules huh? If opinion polls where our guide for what to do, you would not receive your food stamps.
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Sorry for the typo, should have been were instead of where. One last thought, the top 1 percent of taxpayers pay 36.7 % of all individual federal income taxes. The bottom 47% percent of taxpayers pay ZERO percent of all individual federal income taxes. America was built on hard work, risk-taking and ingenuity. When did we start hating people for being successful?
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Your condescending attitude toward Red Handy in assuming he is a food stamp recipient is typical of the 1%. You also seem to suggest that public opinion is in favor of cutting food stamps, which is not true. According to a poll located here: http://frac.org/frac-releases-new-polling-data-showing-overwhelming-support-for-efforts-to-end-hunger/ , opinion is overwhelmingly in favor of the food stamp program. If as you say, majority rules, it looks as though your comments here are in the minority. Unfortunately, majority does not rule anymore, money does.
Also, one last point. You mention that 36.7% of all federal income taxes are paid by the 1%, while the bottom 47% pay nothing. The fact that the richest 20% of Americans in this country have 93% of this country’s wealth has nothing to do with that, I suppose? Perhaps you are suggesting that the bottom 80% are all losers looking for a handout? The biggest handout is going to the rich and corporations, who continue to get tax breaks and other government subsidies when they don’t need them. But you have no problem with this sort of socialized corporate welfare, I’m sure.
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