Replies to post #91195 on Tornado Alley (PROG)

[woofer]

Sure tax the "wealthy"....when they're all taxed out we can move down the chain. Wonder how much more juice they have?

Now you're talkin'! LOL

OK, tell me what tax rate will actually make these guys who made on average in 2007 (most recent figures I could find) of $7.4 million apiece, start to hurt a little (lose a little of that juice). Think about it before you answer. This is a real question for you. I'd like to hear an actual tax rate rather than a 'speech' about how badly these guys would suffer.

The average income for a tax return in this top 0.1 percent is $7.4 million
http://www.taxfoundation.org/news/show/250.html

[wbmw]

Re: I think the most recent DOL statistics showed that government jobs paid more than the private sector equivalent.

If you're talking about benchmarking and rebalancing wages against the private sector equivalent, I wouldn't have a problem with that. As long as it's data driven.

What I'm against is this notion that union workers are payed unfairly high wages, when the real unbalance of wealth in this nation is clearly to the wealthy 5%.

Remember "redistribution of wealth"? That's what people accused Obama of proposing during his campaign, but that's exactly what happened *in the other direction* from the time of the Reagan presidency, all the way through the GWB presidency.

The country was thriving in the '60s and '70s when the middle class had a healthy supply of wages and free cash, but 40 years later, the middle class is now living paycheck to paycheck, and there are more millionaires and billionaires now than ever before - and not just proportionally with the GDP growth of the country, but many times beyond that.