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Reply to "I have a problem with the definition of Rich"
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[quote=Anonymous]I agree with the previous comment: we've cast this conversation incorrectly by confusing "income" and "wealth" with a lot of disengenuity from politicians who know better. I'm all for progressive taxation and a return to prior Federal tax rates, although I wouldn't mind a nod or two of appreciation that all other taxes--sales, state/local income--are considerably higher over the past decade. Let's just get the tax rates up already, and let everyone see they will not generate the expected revenue, and we move on to whatever is next. My guess is eventually we have a VAT (value added tax) as taxing income just doesn't solve our problems and voters will not accept substantial cuts in entitlements.[/quote]
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