Tuesday, November 09, 2010

Our media elites don't like paying taxes

During Obama's "60 Minutes" interview, I applauded the president for pushing back on the idea that raising taxes on the 1% of wealthiest Americans would "stall" a recovery. But I wished he'd gone farther by coming back with a question such as, "Well Steve [Kroft], I have to believe that someone like you makes a wee bit more that a quarter million each year. Maybe more than a wee bit. If we allow your portion of the Bush tax cuts to expire, what is it you won't buy next year that you otherwise would have?"

Jonathan Chait reminds u
s why this notion that higher taxes for the wealthiest is anti-capitalist is so powerfully intertwined in our senses.

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