Why We Should Tax The Rich.

There were several great editorials in the NY Times this morning on the economy. The one I think has the best explanation of the recession and why it won't go away is titled "How to end the Great Recession". Guess what. The answer is that when the rich get too large a percentage of the national income, then there's not enough left for the public to spend to keep the economy going strong. See, if most people get a big enough income they tend to spend more. But if the rich get more income, they tend not to spend more. And even if they did, there aren't enough of them to make a difference. So there you have it. A perfectly good reason to tax the heck out of rich people and give more to the rest of us. Sounds too good to be true, doesn't it. But it says exactly what I've thought for years. Giving more to the rich helps only the rich. Giving more to the rest of us causes us to spend more and that's what causes the economy to move along. And that benefits everyone. Now my conservative cousin will claim that's wealth redistribution. In some ways it is and in other ways it isn't. But the point is that if things continue as they are, we'll continue in a recession and neither the rich nor the poor will profit from that. So Tax Baby Tax (the rich).