More Presidential Wisdom

Historically, taxing the rich has been supported by both parties across the ideological spectrum. Even Thomas Jefferson, whom many Tea Party members worship, supported higher taxes on the wealthy. In an 1811 letter to Thaddeus Kościuszko, he defended the tariff because it would force the rich to pay more:

“The rich alone use imported articles, and on these alone the whole taxes of the General Government are levied. The poor man, who uses nothing but what is made in his own farm or family, or within his own country, pays not a farthing of tax to the General Government.”  --Thomas Jefferson

More Sensible Tax Schemes

Let's start a movement:  raise the taxes of the top 1% to a 42% tax rate.  This is not really so extreme. The revenue wouldn't be for the pet products of just "one side."  This is a Centrist movement really worth giving birth to.

As a reminder, taxes on the upper echelons were much higher from Eisenhower until Reagan. For most of that time, the economy was really pretty good. The stock market (which used to not be used as the main measure of how the country was doing) grew just fine.  In fact, much of the action-reaction we have in society can be traced back to the 1980s, which spawned this modern extremism.

Other items from this blog, which refer to outside economists' reports, are below:

42%

Caring for the Growing Service Industry

House of Cards

If we are honest about it, to some degree, all modern economies are a bit of a Ponzi scheme.  ---Marie Byars

Girl Building a House of Cards
attr. Thomas Frye; mid 18th century Irish

More Wisdom for the New Year

"When opportunity knocks, some people are in the backyard looking for four-leaf clovers."  ---Polish Proverb      

      

Wisdom for Facebook

With all the crazy fake news on Facebook and other random, short-sighted spoutings-off on social media, these words of a classic Greek philosopher take on new meaning:


"Wise men speak because they have something to say; fools because they have to say something." ---Plato

modernized detail (Plato & Aristotle) from Raphael's "School of Athens", 1509-1511

Pretty Accurate from the Center

This article from The Atlantic is pretty close to how THIS Centrist sees things.  However, it uses the term "Moderate", which implies someone who doesn't get too involved.  (In the past, being a Moderate worked, because things just naturally moved to the Center, via compromise.  Now, not so much.)    

Moderates: Who Are They, and What Do They Want?

     

Believe Me Now?

"42"..... as in raise the tax rate on the top 1-1/2% to 42%.

As I've said repeatedly, I think that ending Supply Side Economics is one of the most important things we could do for our times.  In the 35+ years that it has mostly dominated, things have not "trickled down"... the wealth has concentrated further up.  Take a look at how much good could be done if we change this: 

What Could Raising Taxes on the 1% Do? Surprising Amounts

People further up the economic ladder complain that about 47% of our populace pays no taxes at all.  Well, maybe if things were shaken up somewhat, more of them would move further up the ladder and pay taxes!