Originally Posted By: sinij
Wealth => Political Power => Pro-Wealth Legislation

Quote:
"In the last two years, super PACs raised more than $180 million -- with roughly half of it coming from fewer than 200 super-rich people and roughly 20 percent from corporations," Johnson wrote in the Feb. 24 article.


This is why we need higher taxes on 1% - so less of this happens.


So what happens when you tax the said 1% into oblivion and they take their money overseas? You seem to be out of touch with reality if you think they will keep their money here when they could take it elsewhere.

What's wrong with having real tax reform & auditing the fed? We need to get this debt and the way we tax corrected the right way. Instead of using a broken tax system that will only tax more. Do you really think taxing the wealthy more will get rid of the national debt? Come on man, stop being so damn naive. Once the Government starts getting more revenue they will simply spend more, Or did you not pay much attention to Obama's budget proposal?