Soak the rich? Americans say go for it. Surveys are showing overwhelming support for raising taxes on top earners.
Surveys are showing overwhelming support for raising taxes on top earners, including a new POLITICO/Morning Consult poll released Monday that found 76 percent of registered voters believe the wealthiest Americans should pay more in taxes. A recent Fox News survey showed that 70 percent of Americans favor raising taxes on those earning over $10 million — including 54 percent of Republicans.
A plan from first-term Rep. Alexandria Ocasio-Cortez (Marxist/Progressive Democrat NY) to slap a 70 percent marginal rate on income earned over $10 million clocked in at 59 percent support in a recent Hill/HarrisX poll.
FDR proposed a 100 percent top tax rate. Roosevelt told Congress in April 1942, “no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.” That would be about $350,000 in today's dollars.
Karl Marx called for a heavy progressive or graduated income tax in the Communist Manifesto.
In the Critique of the Gotha Program Marx addressed the ages old question, “What is fair”. Marx concluded that what was fair was, “from each according to his abilities, to each according to his needs.” All proceeds would go to the state who would then distribute based on what they determined was the need.
Sen. Bernie Sanders, on the cusp of a likely campaign for president, introduced legislation to vastly expand the reach of the federal estate tax.
His bill would raise $2.2 trillion by applying the tax to the riches of "the top 0.02 percent of Americans," according to Sanders' office. It would apply to the estates of those who inherit more than $3.5 million, compared to the $11 million threshold that exists now.
For estates worth more than $1 billion, the tax rate would be 77 percent on inheritance over that amount. The first $3.5 million of any estates would be exempt from the tax.
Karl Marx called for the abolition of all rights of inheritance, or a 100% death tax, in the Communist Manifesto. The Marx reasoning was that all assets rightfully belong to the collective or the state and not to an individual. The 100% death tax was just returning the assets to their rightful owner, the collective or the state.
The United States was founded on the principle that everyone had an equal opportunity to pursue their happiness. The individual was not to be limited by their social position at birth; nobility or serf. Equal opportunity did not mean equal results. Equal opportunity did not mean that happiness was to be defined by the state.
The collectivist (Marxist, communist, socialist, progressive, Democrat – all virtually the same) takes the position that the definition of happiness and the results of the quest for happiness by the individual is to be not only approved of by the state but is to be defined by the state based on what the state believes to be fair and just.
The United States is in the midst of a tremendous clash of ideals, should the individual decide what their life and thoughts are to be or should the state determine what is best for all and then dictate to the individual what their life and thoughts are to be.
History has proven that the road of individualism, that road upon which our nation was founded, leads to prosperity and freedom for all while the road of collectivism (Marxism, communism, socialism, progressive, today's Democrats - all virtually the same) leads to social decay and financial collapse. The road to collectivism is called the road of Hope and Change, the road of social justice, the road of fairness and equality, and yet it always ends in tyranny.
JUST WHAT IS FAIR - INDIVIDUALISM OR COLLECTIVISM