Friday, April 8, 2011

A lot of the best ways to tax the rich do require some taxation of the non-rich as well #p2 #tcot

http://yglesias.thinkprogress.org/2011/04/the-obamaite-origins-of-ryanism/

One way of making a point I've been trying to make for a while is that something along the lines of Paul Ryan's budget is eventually going to be made inevitable if progressives stay stuck on Barack Obama's pledge to not raise any tax revenue from any non-rich people. The problem with this isn't that there's no more capacity to tax the rich, it's that a lot of the best ways to tax the rich do require some taxation of the non-rich as well.

For a quick look at this, just take a gander at the distributive impact of the "middle class" Bush tax cuts that Obama is committed to extending:




rest at http://yglesias.thinkprogress.org/2011/04/the-obamaite-origins-of-ryanism/

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