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KRUGMAN: "do the wealthy look to you like the victims of class warfare?"

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-23-11 08:45 AM
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KRUGMAN: "do the wealthy look to you like the victims of class warfare?"
The Social Contract
By PAUL KRUGMAN
Published: September 22, 2011

.....................

On one side, we have the claim that the rising share of taxes paid by the rich shows that their burden is rising, not falling. To point out the obvious, the rich are paying more taxes because theyre much richer than they used to be. When middle-class incomes barely grow while the incomes of the wealthiest rise by a factor of six, how could the tax share of the rich not go up, even if their tax rate is falling?

On the other side, we have the claim that the rich have the right to keep their money which misses the point that all of us live in and benefit from being part of a larger society.

............................................

Republicans claim to be deeply worried by budget deficits. Indeed, Mr. Ryan has called the deficit an existential threat to America. Yet they are insisting that the wealthy who presumably have as much of a stake as everyone else in the nations future should not be called upon to play any role in warding off that existential threat.

Well, that amounts to a demand that a small number of very lucky people be exempted from the social contract that applies to everyone else. And that, in case youre wondering, is what real class warfare looks like.

http://www.nytimes.com/2011/09/23/opinion/krugman-the-s...
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