Taxing the wealthy more won't solve fiscal troubles

2012-11-25T00:00:00Z Taxing the wealthy more won't solve fiscal troubles
November 25, 2012 12:00 am

You may have heard (over and over) we can solve all woes by taxing the rich. The personal tax rate is more than 30 percent. All we ask is to increase your taxes, highest corporate taxes on Earth, and for you to create more jobs. Easy!

If we took all the money from the rich it would not have any effect of the deficit. Without controlling spending and cutting some entitlements, we are sinking fast.

I had hope when Barack Obama got elected the first time, but the hope is gone!

- Edward Merritt, Crown Point

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