LJ;933371 wrote:There is a "I am the 53%" movement online
The people paying above 20% effective income taxes are the only ones who truly have a right to bitch. If you pay a smaller percentage than Buffett, you honestly don't have a basis to bitch. And if you aren't paying anything, those of us who do are already subsidizing your income/lifestyle, so what you are really saying is not that the rich aren't paying their fair share, but that the govt should take more from them to give to you. And that's just plain un-American.
I don't oppose taxing the rich more because I'm part of the 1%, I oppose it because I know we'll never fund the deficit by soaking the rich and continued massive deficits are only going to result in my paying higher taxes and a decline in my standard of living (that's going to apply to everyone, by the way - poor, rich or otherwise). I oppose it because I know this class warfare argument is only obfuscating the facts and will exacerbate, rather than fix, the real problems.