Ryan ChartrandYour “perspective on the liberal views of economics” is on par with far-left media stations. Do you really believe that “the wealthy do not pay their share of taxes”? Did you get this information from Mr. Obama, Barney Frank or another socialist politician?
School is in session, have a seat.
The top 10 percent of earners in the United States pay 68 percent of the income taxes. The bottom 50 percent, earning 13 percent of the income, pay merely 3 percent of the taxes.
Still believe that the rich are getting richer? Here’s another fact: In 1980, the top 10 percent earned 32 percent of the income, and paid 44 percent of the taxes. In 2004, the top 10 percent of income earners paid 68 percent of the taxes. Do you believe that raising taxes on the rich generates more revenue for the government? Since the 2003 tax cuts on the wealthy, federal revenues grew by $745 billion dollars, the largest real increase in history over such a short period of time.
Another absurd point you made was that Obama plans to “create” jobs through investing in a green economy. You claim this will “help” the job market. Let me make it clear that the government is not a business. If it were time for “green jobs” to emerge, private investors would invest in this industry. Obama’s quote: “I believe when you spread the wealth around, it’s good for everyone” is socialist in nature. You should move to a country where the government knows what’s best for your money.
Jason Carian
industrial engineering junior