Uncategorized

Taxes aren’t punishment

Mark Schmitt of the Roosevelt Institute has some important, common sense advice on the whole debate over making the wealthy pay their fair share.

“[T]axes aren’t punishment. They are simply the cost we share for the society we benefit from — one that provides military protection, Medicare and Social Security when we need it, education, energy research, and the rest. The tax system is progressive not to punish the rich, but because some have a greater ability to pay than others. Ten percent means something very different to someone earning $30,000 than it does to someone making $300,000. And, frankly, even those of us who are not “rich” by the $250,000 standard but are actually secure and reasonably well-off could stand to pay more in taxes. When we look at 4.2 million people unemployed for a year or more, at families devastated by foreclosures, bankruptcies, and health crises, my own two-income family is remarkably fortunate by comparison and can do more, even though we’re solidly in the “other 99%” and didn’t cause the financial or economic crisis. Taxes are a shared obligation, not a punishment.”

You can read the entire article by clicking here.

 

One Comment


  1. Nonanonymous

    October 10, 2011 at 9:57 am

    Taxes aren’t punishment so long as they’re kept minimal. That hasn’t been the case. Secondly, discussing tax policy is absurd when federal expenditures have exceeded tax receipts at an exponential pace since the Reagan administration. Federal borrowing and spending OS unsustainable at it’s current pace, which most certainly will be viewed by future generations as a cruel punishment. Bring jobs back to the US with pro jobs policies and cut spending. ANYTHING else is nothing but punishment.

Check Also

NC business owner explains need for paid leave law

In case you missed it earlier this week, ...

Top Stories from NCPW

  • News
  • Commentary

Jim Womack has a reputation in North Carolina for being many things, but a conservationist isn’t one [...]

Just days after a North Carolina official tapped a Robeson County elementary for a controversial cha [...]

Two groups seeking state contracts to run struggling North Carolina schools have professional ties t [...]

North Carolinians will lose their “precious right to vote,” as U.S. Supreme Court Justice Ruth Bader [...]

The folks running the General Assembly reached a new low this week in their efforts to dismantle our [...]

National civil rights leaders call for the rejection of North Carolina’s Thomas Farr [Editor’s note: [...]

Budgets matter, both within government and inside each household across America, because they demons [...]

Why the legislature now operates this way and why it’s a big problem The North Carolina General Asse [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more