Sally, redistribution, taxes and the deficit

[headleygranger]

Regardless of how you feel politically, if we want to get our country working again, everyone needs to step up to the plate. That means cutting spending, and taxing even the lowest earners at least something.

[headleygranger]

But, it also means that the wealthy need to pay more, probably around 45-50%. When Reagan cut it from 70% down to 50% he was on the right track. Have a look at the common practice during the 1900's

w w w dot taxfoundation dot o r g / files / fed _ individual _ rate _ history - 20100923 dot p d f

[headleygranger]

And for those of you wondering if I am some liberal nut job - NO! The link I gave is from the very same site who created this video. Just make sure you put the dots (.) back in and remove the spaces between p d f and o r g & w w w. You will see that there were many many years during the 1900's when the wealthy paid 60%, 70% 80% and even 90% rate. I'm not saying that's right, but 35% is low.

w w w dot taxfoundation dot o r g/files/fed_individual_rate_hi­story-20100923 dot p d f

[headleygranger]

This video implies that the wealthiest Americans have it really hard right now. They do not. They have traditionally been counted on to cover a larger percentage of the tax income BECAUSE THEY CAN and it is how they help their country. Right now they are taxed 35%.

I say this not because I'm some Obamabot, I am not! But two wrongs don't make a right. Obama is wrong, but you know what - that doesn't give the wealthy a free pass to pay in less than society can handle.

[therealhitsquad]

Excellent video, I like the easy visual learning aids.

[0HippyHunter0]

How is this not the most popular video on Youtube? It really is this simple, really.

[MegF142857]

How? When it collapses.