17 May, 2011

The Willie Sutton Tax Plan

When a reporter asked Willie Sutton why he robbed banks, he answered very matter of factly: "Because that's where the money is!"

So why don't we tax the rich? After all, that's where the money is. And it's primarily there because government has ceased to act as a counter-weight to private power. During the 1950's, when New Deal tax rates were still in effect, income over $100,000- was taxed at 90% and working class income doubled! Since the Kennedy tax cuts, and especially since the Regan/Bush/Bush tax cuts, wages have fallen, inequality has risen, and the government has become insolvent.

Why tax the rich?

Because that's where the money is!

No comments: