“It is not unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”
– Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776
Related:
“Let the Bush Tax Cuts for the Wealthy Expire Already,” Senator Bernie Sanders, Truthdig
“How to raise taxes on the rich,” Jeanne Sahadi, CNN Money
“Tax hike for wealthy won’t kill growth, CBO says,” Reuters via NBC News
“The Great Capitalist Heist: How Paris Hilton’s Dogs Ended Up Better Off Than You,” Gerald Friedman, Naked Capitalism [caution: numbers n’ stuff]
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Tags: Adam Smith, austerity crisis, Barack Obama, Bush tax cuts, economics, fiscal cliff, income taxes, Obama, politics, presidential campaign, progressive income tax, tax policy, tax rates, taxes
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