Re: Progressive taxation is not only essential, but MORAL.
Warren Buffett, the second richest person in the country believes capital gains should be higher. Next.
While DA60 tried to malign those arguing for progressive taxation by reducing the debate to the silly notions that the poor and middle class are jealous, envious and resent the rich, the true debate has nothing to do with that. The real debate is about funding the expenses of the government in the fairest way to spread the burden of taxation. One would think there should be no debate at all. The rich have gained unprecedented new wealth over the last 30 years, while receiving tax-cuts. At the same time, the not-rich have been income stagnant and have endured many cuts to programs that they use. Surely the rich could take on this burden without any measure of discomfort. Studies have shown that the rich aren't taxed enough to have them "go Galt" and refuse to work or invest. Thus, taxing the rich more has no negative effects upon the economy, raises federal revenue; all without turning rich people into paupers.
The debate then crumbles into a moral debate "why is it fair to tax rich people at a higher rate than everyone else." Actually, we don't. A rich person is taxed at the same rate up to $250,000 as everyone else. Everyone else is taxed beyond $250,000 the same as rich people. The problem is that most never make $250,000 in a single year, so it doesn't apply to them. In any case, considering the limited moral issues we are able to focus on at one time, worrying about the morality of rich people keeping more of their money isn't high on my priority list.
1) One guy and that is your proof? Ahhh...no. That is evidence, not proof.
First, I said 'most' of the truly rich will be against a capital gains tax rise...not all. Actually, I was thinking of Buffett when I said that. He is DEFINITELY the exception. He is a known Democrat supporter and he is 83 and recently had cancer.
My point is that he has long supported big government - most mega rich do not (again, I said 'most'). Plus he must realize he will probably die long before his ideas are implemented, so his wealth is under little threat. And if he is such a believer in higher taxes, what is stopping him from donating more of his money to the IRS every year? If he thinks it's his duty or the right thing to do then to not do so is the wrong thing to do...hypocrisy ('such-and-such is the right thing to do...but I will not do it until I am forced to')
And I believe his principle argument was that a moderate rise in capital gains taxes would not destroy investment - and I agree with him, btw.
I am for a flat tax for all Americans - with the same rate for both income and capital gains and no deductions except for charitable contributions.
And 2) I stated that the primary reason Americans want progressive taxation is envy and fear...please prove I am wrong using unbiased, factual sources.
Are you saying that millions of poor Americans do not envy and even resent the rich? And are you also saying that many other millions are not proposing this out of fear of their big government handouts coming to an end without greater taxation on the rich?
The fact that most middle/poor class Americans (IMO) are for progressive taxation and most rich ones (to my knowledge) are against it adds proof to my theory.
And 3) finally progressive taxation is NOT 'fair'.
'Fair adjective \ˈfer\
: agreeing with what is thought to be right or acceptable
:
treating people in a way that does not favor some over others
: not too harsh or critical'
http://www.merriam-webster.com/dictionary/fair
By definition, taxing one group more then another group is NOT fair as it favours some over others.
The ONLY truly 'fair' taxation is one where every single tax paying American pays exactly the same percentage of their income (both income and capital gains)...no matter how much they make.