[Vision2020] Wealthy German Taxpayer Defends High Taxes

[Paul Rumelhart]

I like his attitude.  I think we ought to push for a temporary 
across-the-board percentage increase in income tax.  No bickering about 
who should get hit by it more, leave all the exemptions and whatnot in 
place and figure the percentage based on this year's tax amounts and 
what percentage goal on debt reduction we want to see and use that same 
added percentage of what people pay to reduce the debt.  Market it as a 
national sacrifice that we all need to endure in order to get things 
under control.  If you made it a mandatory increase every year if the 
debt is higher than some agreed-upon value, then it might get the voters 
out there more interested in having their representatives vote against 
large increases in spending.

This idea that we can reduce the debt by cutting spending and leaving 
taxes alone or lowering them is absurd, imho.

Paul

On 05/19/2011 12:26 PM, nickgier at roadrunner.com wrote:
> The other night CNBC interviewed a multi-millionaire from Germany who pays a 60% tax rate and they asked him, "Don't you get sick of paying such high taxes?"
>
> He looked at them square in the eye and said, "I would rather be a wealthy man in a rich country where everyone does well, than a wealthy man in a country where only the wealthy do well and the poor aren't taken care of.
>
> No I do not get sick of paying high taxes."
>
> I would like to pay more taxes for education and infrastructure; otherwise, we are going down the tubes.
>
> NG
>
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