Top 10 Reasons for Higher Taxes on the Top 1%

Paul Buchheit on commondreams.org lists the top ten reasons for why the Top 1% of earners should be taxed at a higher rate.

A quote from the article:

“Although our country is built on capitalism, wise American business leaders have recognized the danger of the “free hand” of unregulated open markets. Adam Smith, the father of capitalism believed that unrestricted businesses tend to engage in “conspiracy against the public.” John Kenneth Galbraith said “Capitalism left to its own devices, doesn’t work properly; it excludes the poor, ruins the environment, and fails to deliver enough collectively produced goods, such as roads, reservoirs, schools and hospitals.”

Full Article: Top 10 Reasons for Higher Taxes on the Top 1%

Advertisements
This entry was posted in Economics, Politics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s