Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The reason to try and tax wealthy people more is to support additional spending on social programs. The cost of these new programs will quickly exceed any additional money we can squeeze out of the wealthy (again, the wealthy have enough resources to shelter most of their money from taxes). But at that point we’ve already promised people all of these great new social benefits and we can’t walk that back now. It’s the middle class who have enough money to go after, but not so much money that they can effectively shelter their wealth, so that’s who ends up paying in the long run.


If we get rid of mountain-sized tax breaks and stop underfunding the IRS then we're fully able to collect from the wealthy.

So sure I'll complain if they "come for me" because they decided not to tax the people they promised to tax. But the solution ain't giving up on taxes. It's enforcement.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: