The Social(ist) Network
Political Action & Discussion Forum for America's Socialist Party
Why the Rich Can and Should Pay More in Taxes - Professor Richard D Wolff
The US government relies chiefly on income taxes levied on businesses and individuals. Over last 40-50 years, the burden of federal income taxes has shifted (1) from businesses to individuals, and (2) from the highest income earners to the middle and lower income earners. The rich have waged a successful class war through controlling the politicians who write the tax laws. Current federal deficits could be drastically reduced by simply returning to the tax rates on business and the rich 40 years ago.
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© 2012 Created by Timothy Platt.
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