Letter to Rep Poe regarding Debt Reduction
The rich must be taxed for a healthy economy. It is completely illogical to think that a percentage-based equality is good for the middle class. To use percentages to equate tax obligations makes no sense as disposable income is used in greater amounts for the lower and middle class than for the upper class. We know, after 30 years of Reagan's trickle-down economics, that it doesn't work. The American middle class has shrunk by 30% since Reagan's tax code. The discussions this week MUST include revenue increases. That is the only thing that can possibly reinvigorate the economy. Yes, I agree that "entitlements" must be addressed, but the budget discussions must include increased taxes on the super rich if there is any hope of long-term recovery, because the corporations and the banks obviously are not interested in investing in the middle class any more.