This "tax the rich" propaganda is a complete fraud anyway.
If Obama and the Democrats had their wildest wet dreams fulfilled and got all the additional taxes they wanted on upper-income wage-earners and businesses, it would only pay for about 8 days of government.
Under Obama, we borrow about 3.5 billion a day just to sustain what we have. About 43 cents of every tax dollar spent is addional deficit, added to our already 16-plus trillion debt, and rapidly climbing.
http://www.usdebtclock.orgNo amount of additional taxes is going to fix this liberal spend-fest. The only choice is to reduce spending. And if I could see actual significant cuts, then I might be willing to be taxed more, if I knew it was being used to pay down the debt. But in the current system, new taxation would just enable even more spending.
Regarding the 47% number tossed out by Romney, I posted a topic about a year ago that put that number at 49%.
But in the case of the elderly on Social Security and Medicare, while they are living on benefits and not paying taxes (some of them with investment income or still working are paying taxes) neither I or any Republicans consider them parasites. They worked for the benefits they are now receiving. But it is still 47% (to use Romney's number) who are receiving benefits and not paying into the system.
