mediapro

The Obama Plan: We Can't Entitle Our Way Out of Paying Taxes

Re: Doug M.

You sound like a pretty rational guy but look at only the tarnished side of the coin. Assuming your marginal rate of 45%, listen to the author's argument. It's your Average rate that matters.

Assuming your savings disincentive conclusion, I don't have a problem with your building your McMansion. That's actually a form of savings with a direct economic investment. Savings and investment need not be separated. Otherwise, why would people buy equities? You buy your real estate investment with an expectation toward future gain. Others buy Treasuries with a more certain, lesser gain.

Finally, I really am tired of those "hard-working-who-have... right-to bellyache-about-giving... folks in this spoiled country. Look at what you have. Why should the wage slave earning about $90K/year, if they are lucky, pay the full ticket for Medicare and Social Security tax, while yours are capped at the 90K level and all above that is excused?

Why can every industrialized country in the world invest their tax dollars into guaranteed health care and reinvestment into alternative energy approaches and we can't?

A little, poor country like Costa Rica can educate its citizens (a 95% literacy rate) and provide healthcare to all because it doesn't waste its wealth on military agression, subsidies to oil companies that refuse to explore the leases they already own, and yes, subsidies to agricultural giants that artifically prop up the value of commodities.