Every poll reveals that an overwhelming majority of Americans support the ideas of President Obama to raise taxes on the wealthy. The “Buffet Plan”derives from the billionaires comment that few businessmen pay at a high tax rate than their secretaries. About 75% of Americans backed the tax plan and that includes 66% of Republicans who support the idea of having wealthy people pay a few more pennies from their pocket. It also is in line with a Gallup Poll which claims two thirds of Americans want this tax.
However, the issue is not just taxing the wealthy, it is also addressing possession of wealth. We need an inheritance tax that reduces the amount of money wealthy folk can give heirs. We need to introduce large increases in taxes in order to reduce the amount wealthy folk possess.
How about extending the Social Security tax to ALL INCOME!