NEW YORK (CNNMoney) -- As the government looks for ways to climb out of its massive hole of debt, all eyes are on the rich.
President Obama and many of his fellow Democrats continue to call for higher taxes on the wealthy. And, according to results of a CNN/ORC International Poll released Wednesday, many Americans agree that it's the only way the country can dig itself out of its current economic mess.
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"No no! Obama is raising all of our taxes for his evil socialist agenda! Now get your hands off my medicare"
ReplyDeleteThat is exactly what was originally promised when they started taxing income in the 20th century: Only the top 1% would be subject to the tax.
ReplyDeleteWe know what happened to that promise.
They may start out targeting the so-called "rich" but without a broader tax base, they won't be able to collect enough to satisfy their thirst for more and more revenue.