Quote Originally Posted by Gregg View Post
From a piece on CNN:

"A minimum 30% tax on million-dollar incomes won't do much to eat away at the nation's debt, it won't create jobs, and no one expects it to get through the Democratic-controlled Senate, much less the Republican-majority House."

So what do you think? A good rule with no support? A misguided attempt by people who really don't understand the economy? Is it now just the President's turn to play some election year politics?

Personally, I think it started out as the second and moved to the third. 60% of Americans disagree with me (Gallop: 60% support it, 37% oppose).
Haven't read all the posts yet, but I think the wealthy should pay taxes on the same scale and manner based on their income as everyone else with one (and only one) exception - job creation. If they can prove that they created X number of jobs in this country (no off shoring) to US citizens (no illegal aliens or foreign nationals) then they should get some sort of tax break. And I'm talking about "real" jobs, not just using their money as buying power for high end luxury goods and services as a means of "job creation". That doesn't cut it. It takes the same amount of labor to create a Rolls Royce as it does a Hyundai Accent. For the cost of buying one Rolls, you could buy dozens (hundreds?) of Hyundais thus creating many, many more jobs. Now I'll read all the posts!