I just thought I would share a thought. If someone argues that it would be unfair to raise taxes on the richest 1% in America, here is the correct response to that. Over the past 30 years, only one income level has seen an increase in income. It's hard to believe, but only the richest 1% of America have averaged a tripling of yearly income over the past 30 years from 24 to 82 million, roughly. They however only pay about 30% more in taxes. That is also hard to believe, because if it logic applied one could expect, roughly, a 300% increase in taxes on the wealthiest 1%, who make 82 million dollars per year. Follow me here, but that is a tax cut of 270%, while the rest of us?
So, you see, to stay on par with the rest of us, the richest 1% in America could have their taxes raised about 270% and be about even with the rest of us.
