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[Giselle]

Puckstop, here's the answer as I perceive it.

The MOST wealthy of this country can afford to pay more in taxes and still live their wonderful lifestyles. That money will be used to fund Obama's plans, etc. etc.

The less wealthy, which probably includes 95-98% of us, won't get an increase in taxes.

The money has to come from somewhere. Taxes DO need to be taken and, realistically, raised. We've got a huge deficit. We need the money. The money needs to be taken from somewhere. Take it from those who can afford to pay it - the very very rich and the big corporations. Invest that. So, yes, there will be an even bigger deficit for the time being. But there's the catch - you invest it. You should get it back and more.

[Puckstop31]

Puckstop, here's the answer as I perceive it.

The MOST wealthy of this country can afford to pay more in taxes and still live their wonderful lifestyles. That money will be used to fund Obama's plans, etc. etc.

So we punish success. How American. As for Obama's plans... When did we become a nation that looks to government to solve our problems? Last I checked, we were supposed to be a nation of go getters and self starters.

The less wealthy, which probably includes 95-98% of us, won't get an increase in taxes.

So the bump in your tax rate when he lets the tax cuts expire is what???

The money has to come from somewhere. Taxes DO need to be taken and, realistically, raised. We've got a huge deficit. We need the money. The money needs to be taken from somewhere. Take it from those who can afford to pay it - the very very rich and the big corporations.

Why not cut spending to pay for it? You know, all that totally unconsitutional spending congress does...

If you lay heavy taxes on big biz,,, How do you think they will recover the extra cost? Higher prices on everything... Its simple Economics 101.

Invest that. So, yes, there will be an even bigger deficit for the time being. But there's the catch - you invest it. You should get it back and more.

Invest it in what? The stock market? With a high tax, investment prohibitive Obama econony?

Higher taxes = economic depression. Period.

[Catty1]

Something that happens in Canada, and I am sure in the US as well...

If the really rich get taxed too much, the money gets stashed in an offshore account. So it all leaves the country.

The next government will have to deal with that, for sure.