Here’s Why the Middle Class Must Pay More Taxes, Not Less
To properly fund infrastructure investments, tax credits, training and education, and seriously tackle the federal budget deficit, we will need the top 20 percent of Americans to pay more in taxes.
Sound harsh? Politicians seem to feel so: Even Democrats promise their “middle class” constituents making $250,000 or more that they need not worry about higher taxes. And yet they — let’s be honest, we, given that the average for the top 20 percent of households with more than $200,000 in yearly income — can afford it.
I call this the “Me? I’m Not Rich!” problem. The more money people get, the more they think they would need to get in order to quality as “rich.” That is why “tax the rich” rhetoric from the left (and occasionally the right) currently fails; nobody thinks the increases should include them.