Originally posted by: Extelleron
So what is "their fair share". The rich already pay the majority of taxes in this country. They are a small minority but pay around half the total tax revenues. People making over $250k are already paying 35% of that income to the government. Meanwhile, the poor are making far less money and only paying 10-20% of it as tax revenues. So the rich pay more (because they make more) and even more (because they are taxed at a higher percent). They already pay more than their fair share. Remember that the rich don't benefit/need a lot of government services that they are paying for. The rich probably use government services the least yet they pay the most by far. The "fair share" argument doesn't make any sense. If anything you should say that the poor/middle class need to "pay their share."
NO THEY'RE NOT!
Google "marginal tax rates". Here's the first result: http://www.econlib.org/library.../MarginalTaxRates.html
Someone making $250k/year is not paying 35% of their income in taxes. They're paying far less. Someone making 7 or 8 figures isn't paying 35% either. They're paying the 15% long term capital gains rate on most of their income.
And the rich do benefit largely from Government services. You think their employees were educated for free? You think that the clean food they and their employees eat is clean by virtue of honesty? You think the roads that they and their employees drive on are free? You think that the product their companies deliver on Government roads is free? You think the courts that defend their intellectual property are free? You think the EPA that defends their pristine ocean front properties from other rich guys looking to dump waste is free? You think police and military security is free? You think an SEC that monitors companies to help rich guys maintain their stock assets is free? You think that Government contracts to the rich guy's companies are free? The rich benefit far more from society, far more than any food stamp leech and as such, should pay a lot more for it.