A better way to raise revenue?

Republicans claim that restoring tax rates on the rich will raise "only" 800 billion dollars, complaining that half of Americans don't pay any taxes at all.

Good point.  Maybe we could raise $800 billion from the poorest Americans!  After all, there aren't that many millionaires, but there are millions of poor people!

Well, as it turns out the total wealth of the bottom 50% is about 1.6 trillion dollars.  So we could pull it off ... if we simply confiscated half of everything they own.

Given the Republicans' rhetoric lately, I wouldn't be surprised to hear them say that's perfectly fair.  Serves the poor right for being poor, doesn't it?

Class warfare indeed

The economy stinks, but the rich have the biggest share of wealth ever.   And with few good investments available, they're just sitting on their money -- rather than spending and circulating it like the rest of us do.  No wonder the economy stinks!

It's a self-perpetuating problem.  The solution is to restore taxes on the rich to where they used to be.  Not only is this better for deficit reduction than taxing folks of lesser means, it helps get the money moving again!

The middle class is suffering.  If the rich now scream "class warfare," I can only thank them for finally acknowledging the truth.