Do We Need Government to Redistribute Our Paychecks?

Congress is considering raising income taxes—again—making the top tax rate reach an astonishing 62%. Almost all Democrats in Washington are on board—add to tax increases enacted last year, repeal the Bush tax cuts, phase out certain deductions, add in payroll taxes for Medicare (part of the Clinton tax hike) plus the Medicare surtax for ObamaCare, eliminate the income ceiling on Social Security taxes, add in state income taxes, increase the capital gains tax, and voilà—62%.

I’m trying to do the math here. To make $300,000 a year, would I have to make close to $800,000 before taxes? Maybe not quite that much given the progressive structure of the marginal tax rate. But even so, who in their right mind would think this is reasonable?

Apparently many Congressmen do. Or, since a 62% tax rate is clearly not reasonable, I’m led to believe that being reasonable is not their modus operandi.

I suppose they justify such lunacy by acting not according to what is best for America, but rather by what works best to immediately redistribute the wealth into the hands of their constituents. After all, they represent the people who elected them and whose votes they will need to be re-elected, and the people who didn’t/won’t vote for them can pay for it. The government has welfare-stated/entitlement-programmed us to the point that finally the people who receive most of the benefits now outnumber the people who contribute most of the tax dollars—unreasonable and not a sustainable trend.

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28 Responses to Do We Need Government to Redistribute Our Paychecks?

  1. Danneskjold says:

    “America’s abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America’s industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance — and thus the whole country was moving forward and profiting, not suffering, every step of the way.”

    -AYN RAND, Capitalism: The Unknown Deal

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  2. Danneskjold says:

    “America’s abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America’s industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance — and thus the whole country was moving forward and profiting, not suffering, every step of the way.”

    -AYN RAND, Capitalism: The Unknown Deal

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    • Janete says:

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    • the victory of the lebanese army over the thugs is being celebrated as the most wonderful of victories, because it is seen as a victory that has united the lebanese. but at what price? the destruction of nahr el-bared is shock and awe that gives lessons to george bush. some would say that it is un-lebanese to speak about the destruction. it is not anti-lebanese to feel disgusted at the complete destruction of an entire society: nahr el-bared was home to 30 thousand civilians, four generations who have lived there since 1948. this is the second time that they are expelled and their home utterly destroyed, after they were expelled from falasteen.to assume that they deserve this because as palestinians they harbored fateh-el-shaytan is a racist hateful mentality. that is like saying it was ok for israel to compeletely destroy civilian life in south lebanon because they were fighting hizballah, or to say that it was ok for oun and gaegae to destroy christian civilian areas because the civilians were harboring the other side, or to say that it is ok to destroy iraqi neighborhoods in their entirety because alqaeda hides in their midst. to support the civilians of nahr elbared and feel bad for their loss of their home does not mean support for fateh-el-shaytan.think about it this way: who is most elated and joyful today at the complete destruction of nahr elbared? fascists such as hurras-el-arz who openly avow the killing of all palestinians in lebanon. if there are some lebanese who are happy to be like hurras-el-arz, then that reveals a great deal about the psyche of some lebanese.VA:F [1.9.20_1166]please wait…VA:F [1.9.20_1166](from 0 votes)

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    • Shafira says:

      never seen this movie. It sounds huiraiols though. I mean always up for a dumb but huiraiols movie. Who I know what you mean though! Applying to college might be the most stressful process ever, so being able to watch someone go through the same process and stress over it makes you feel so much better. Obviously the best way to do this is by watching a huiraiols movie like this. definitely going to check it out!

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  3. Anon says:

    We had tax rates of 90% around 1950s and did fine, and don’t forget the services we get so its not lost money. Nobody wants to pay taxes but they all want services. It’s hypocritical to complain. It’s more complicated than just saying lower taxes.

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  4. Cord says:

    @Anon the problem is most people that work for their money will never use these services that you speak of. I know that I do not use any of them. My kids need food, I buy it. Point being is this, most of the people that are using these so called services do not pay their fair share to start with and would never complain about how high taxes are. How about this? You go buy your groceries for the week and spend $100 for you family. When you get home call me and I will come pickup my $90 worth. Fair enough? Oh and BTW call me next week before you go and I will give you a list as well.

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  5. Anon says:

    @Cord All of us use roads, sewers, police, military, safety regulations, environmental protections (just a few examples). So we all pay our share. Its not just about groceries. You are just over simplifying like the article.

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    • Cord says:

      @Anon the things your speaking of is infrastructure and state issues. No one said anything about disbanding our military to save money either. The question is simple….Do We Need Government to Redistribute Our Paychecks? Do you understand the question?

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  6. Danneskjold says:

    I think Cord wins this one

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  7. Sonic says:

    @Anon can I send you my list as well?

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  8. First Amendment says:

    @Anon
    Motts Apple Juice
    Cheetos Puffs Jumbo
    Quaker Granola Bars (2 boxes Chewy Chocolate)
    Crush Diet Soda (12 pack)
    6 Vitamin Water Zero
    4 Stoffer Lean Cuisine (assorted)
    Cheddar cheese slices
    Mrs. Bairds whole grain bread
    Minute Maid Orange Juice
    Sesame Seed hamburger buns
    Package ground meet
    Organics salad
    Skim milk

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  9. gantiross says:

    s.
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