Best Argument for TAXING THE RICH
When arguing the merits of a progressive income tax, don't take the usual approach that "the rich can afford it," or that "it won't hurt them as much."
Republicans love to attack reasons like these, because of "fairness," no less. Instead, point out that our richest citizens have benefited most from the policies that right wing extremists have been implementing for the past 25 years. The wealthy caused these policies and they benefit the most from them.
Sure, Republicans work hard--at getting right wing politicians elected. And they're successful, because those politicians bias our economy to greatly favor them.
Especially since the '80s began, conservative politicians have made corporations more profitable, they've increased the wealth of the already wealthy, and they've forced huge sacrifices on middle and low income Americans. They accomplished this by: p>
It is only fair that those who caused these conditions (by getting America's right wing extremists elected), and benefited from them, pay their fair share of the costs that they generated.
A second argument for the progressive tax
Never in recent history has greed been so richly rewarded. Between 1942 and 1962, the tax rate for our richest Americans was at least 88%, and as high as 91%.
In those days, when CEOs considered firing thousands of workers for a million dollar bonus, the moral condemnation didn't seem to be worth it. After taxes, it only amounted to, say, only $120,000. Today, when a CEO fires thousands of workers, he gets a two million dollar bonus, and he gets to keep a million of it. Suddenly, we're talking serious money. And when he retires he can move to one of our country's many guarded communities with his millionaire cronies, and he gets virtually no moral condemnation from his golfing buddies.
So, let's go back to the tax rates we had for our richest citizens between 1942 and 1962. Or, at least, we could go to the rates we had from 1962 to 1982, when it was at least 70%.
And by the way, over that period of forty years between '42 and '82, none of the bad things that conservatives warn about happened. We didn't have massive unemployment, we didn't stifle innovation, and, above all, we didn't become communists.
Go Home or
Go to the Two minute video page.