Skip to main content

The rich are not unduly burdened by taxes (A continuing series)

Via Paul Krugman, a chart that reminds us the rich aren't unduly burdened by taxes:

On a related note, there's been a lot of effort lately from my conservative friends to assert that merely raising taxes on the rich won't solve America's long-term deficit problem. And you know what? I think they're right! The middle class is going to have to ante up a bit if it wants to maintain some of the services it likes so much. So if Dems suggest they can pay for everything simply by larding up marginal tax rates, well, they're probably wrong or lying.


It's also true that the effective tax rates on the super-rich are the lowest they've been in recent memory. And it's true we face a long-term deficit problem. And it's also true that we were digging ourselves out of debt under the Clinton-era marginal tax rates that are slightly higher than they are now. But it's also true that the Republican plan going forward is to ... further reduce taxes on the rich.

That's silly. Maybe we can't fix everything by soaking the rich. But it's just as dubious to think we can solve our problems by letting them off the hook for their portion of supporting our government.


emawkc said…
"...if it wants to maintain some of the services it likes so much."

Or, we'll have to not have some of those services. I think people should consider this as a definite possibility.
Rick Henderson said…
"I think people should consider this as a definite possibility."


Popular posts from this blog


I've been making some life changes lately — trying to use the time I have, now that I'm back in Kansas, to improve my health and lifestyle. Among the changes: More exercise. 30 minutes a day on the treadmill. Doesn't sound like a lot, but some is more than none, and I know from experience that getting overambitious early leads to failure. So. Thirty minutes a day.

One other thing: Yoga, a couple of times a week. It's nothing huge — a 15-minute flexibility routine downloaded from an iPhone app. But I've noticed that I'm increasingly limber.

Tonight, friends, I noticed a piece of trash on the floor. I bent over at the waist and picked it up, and threw it away.

Then I wept. I literally could not remember the last time I'd tried to pick something off the floor without grunting and bracing myself. I just did it.

Small victories, people. Small victories.

Liberals: We're overthinking this. Hillary didn't lose. This is what it should mean.

Nate Cohn of the New York Times estimates that when every vote is tallied, some 63.4 million Americans will have voted for Clinton and 61.2 million for Trump. That means Clinton will have turned out more supporters than any presidential candidate in history except for Obama in 2008 and 2012. And as David Wasserman of Cook Political Report notes, the total vote count—including third party votes—has already crossed 127 million, and will “easily beat” the 129 million total from 2012. The idea that voters stayed home in 2016 because they hated Donald Trump and Hillary Clinton is a myth. We already know the Electoral College can produce undemocratic results, but what we don't know is why — aside from how it serves entrenched interests — it benefits the American people to have their preference for national executive overturned because of archaic rules designed, in part, to protect the institution of slavery. 

A form of choosing the national leader that — as has happened in …

I'm not cutting off my pro-Trump friends

Here and there on Facebook, I've seen a few of my friends declare they no longer wish the friendship of Trump supporters — and vowing to cut them out of their social media lives entirely.

I'm not going to do that.

To cut ourselves off from people who have made what we think was a grievous error in their vote is to give up on persuading them, to give up on understanding why they voted, to give up on understanding them in any but the most cartoonish stereotypes.

As a matter of idealism, cutting off your pro-Trump friends is to give up on democracy. As a matter of tactics, cutting off your pro-Trump friends is to give up on ever again winning in a democratic process.

And as a long-term issues, confining ourselves to echo chambers is part of our national problem.

Don't get me wrong: I expect a Trumpian presidency is a disaster, particularly for people of color. And in total honesty: My own relationships have been tested by this campaign season. There's probably some damage…