Beamer wrote on Nov 7, 2012, 00:29:
No, I'm saying that tax rates for the top earners, we're talking like top 0.1%, need to go up drastically. It isn't about how much someone earns, it's about how much they earn proportionately. Cutting taxes on the middle class won't do much if they're still only seeing a small chunk of the overall income in America. Too much of that income is going to too few people, because those few people make decisions that reward their income, not middle class income. Eliminate 1000 jobs, get a million dollar bonus. That's how we've incentivized "job creators." By allowing unlimited earning we've told them to find ways to earn unlimited income, and the only way to do that is to increase their share more. That money has to come from somewhere, so it comes from the middle class.

I disagree with you about corporate taxes. Corporations can, and will, send jobs overseas to avoid tax rates. So why should we tax them? We have two areas to tax: corporate and personal. When we tax corporate we give incentive to move operations out. If we tax personal, we're no longer doing that. No executive will say "man, taxes are too high here, I'm moving my family to Thailand," but they do say "man, corporate taxes are too high here, I'm moving your job to Thailand."

Think about the motives behind these moves, and how taxes influence it. Low personal taxes and high corporate taxes encourage business going overseas. High personal taxes and low corporate taxes encourage business staying here.