9.27.2010

Sunday Morning Smackdown

Caught this one yesterday CBS Sunday Morning and wanted to jump up out of my chair and cheer. It's about time some upper income people stepped forward to say, "Yes! Please tax me more."
Thank you Linda McGibney, for saying what needed to be said.

Garrett Gruener, equally privileged, feels much the same way.
For nearly the last decade, I've paid income taxes at the lowest rates of my professional career. Before that, I paid at higher rates. And if you want the simple, honest truth, from my perspective as an entrepreneur, the fluctuation didn't affect what I did with my money. None of my investments has ever been motivated by the rate at which I would have to pay personal income tax.
[...]
Congress should let the Bush tax cuts expire for the wealthiest Americans and use the additional tax revenues that are generated to invest in infrastructure and research. "Invest" is the right word. Putting money into infrastructure — such as roads, bridges, broadband, the smart grid and public transit — as well as carefully chosen research initiatives provides a foundation for future growth. As important, it puts funds in the hands of those who will spend them, generating demand that will pull us out of our economic crisis and toward a new cycle of growth.
Thanks G, for telling it like it is. Ben Stein, you're a caricature. You've been playing Ferris Bueller's teacher for 25 years, riding a persona of authority granted by Hollywood to your own personal gain for a quarter century and we, the Ferris Buellers of the world, are done giving a shit what you think. [h/t to Patrick Brendan for the Garrett Gruener link.]

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