DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Obama to Propose a 'Buffett Tax' on People Earning Over $1 Million

**markkisil** · 09-20-2011, 05:09 PM

Latest extension was signed by President Obama but that is still missing the point.

As I've said before, Obama is Bush III.
I don't think Buffet's editorial was intended to create a special tax on the rich but merely get rid of the special treatment of the income tax on capital gains. Put it back into the hopper with all other types of income and apply the sliding scale tax rate to the adjusted gross income just like the rest of us slobs have to do.

It doesn't matter what impact that has on the deficit (although it surely won't be a negative impact). It is just the right thing to do. What makes all this even funnier, is Obama's tax really doesn't do a whole lot - it creates what is basically a flat minimum tax rate on the rich, so they at least pay the same as the middle class - but of course Conservatives are still outraged.

HOW DARE WE TAX THE RICH AND POOR THE SAME?! THE RICH SHOULD PAY LESS!

09-20-2011, 05:09 PM	#17
markkisil Join Date Oct 2005 Posts 461 Senior Member	Latest extension was signed by President Obama but that is still missing the point. As I've said before, Obama is Bush III. I don't think Buffet's editorial was intended to create a special tax on the rich but merely get rid of the special treatment of the income tax on capital gains. Put it back into the hopper with all other types of income and apply the sliding scale tax rate to the adjusted gross income just like the rest of us slobs have to do. It doesn't matter what impact that has on the deficit (although it surely won't be a negative impact). It is just the right thing to do. What makes all this even funnier, is Obama's tax really doesn't do a whole lot - it creates what is basically a flat minimum tax rate on the rich, so they at least pay the same as the middle class - but of course Conservatives are still outraged. HOW DARE WE TAX THE RICH AND POOR THE SAME?! THE RICH SHOULD PAY LESS!
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