LeoTheDog

Unwise to Tax the Rich to Pay for Health Care

So, William, your proposal to address the crisis of 50 million uninsured Americans is:

1. Do nothing, the status quo is fine; or

2. ______________?

Just curious.


On Jul 16 02:29 PM User 449150 wrote:

> So many bizarre comments here about the 'rich' not paying enough
> in taxes. The figures are available for anyone who cares to read
> them. They are well known by now. The top 5% of earners in the
> US pay over 50% of the federal tax burden. The top 10% of earners
> pay over 70% of federal taxes. But the figure I find most grotesque
> is this: the bottom 50% of earners in the US pay nearly no federal
> taxes (actual figure around 4%). Half of working Americans are enjoying
> the benefits of a federal bureaucracy but pay nothing into it (in
> fact, many of these people enjoy negative taxes through the earned
> income tax credit). So now the brilliant solution from a democratic
> congress is to further skew this unfair policy? And of course, one
> thing can be sure. Once a health care subsidy tax is implemented,
> it will only go up as the system heads towards insolvency (probably
> within 5 years). Then what?
>
> William Quigley