Some of the greedy, selfish and unpatriotic wealthy Americans have been able to dominate and control the way legislation and even public opinion is formed in this country. These folks are clearly hurting our middle class and the poor and ultimately hurting America. There is nothing patriotic about their sick ideology; there is nothing noble in their endeavor; there is not even one trace of compassion to their philosophy.
But not all wealthy people are that way…some have social conscience and some are very much aware that their wealth is meaningless if we have a failed democracy and a bankrupt nation. There is an initiative that puts these folks in the limelight of politics because they are actively participating in our debate whether to extend those repugnant tax cuts to the rich. They have signed a letter to President Obama and it is clear and concise…make no concessions, make no compromise. The tax cuts to the rich will bankrupt America. Here is the letter:
Dear Mr. President:
We are writing to urge you to stand firm against those who would put politics ahead of their country.
For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.
We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.
We have done very well over the last several years. Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.
Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.
Sincerely,
Dirk Aguilar
San Francisco, CA
CYNDA COLLINS ARSENAULT
Superior, CO
Daniel Berger
Philadelphia, PA
Robert S. Bowditch JR.
Brookline, MA
DOUG CARLSTON
San Rafael, CA
Ben Cohen
San Francisco, CA
DAVID DESJARDINS
Burlingame, CA
Doug Edwards
Los Altos, CA
BOB EPSTEIN
Berkeley, CA
Ronald Feldman
New York, NY
Christopher Findlater
Cheyenne, WY
Eric Fredricksen
Los Gatos, CA
GAIL FURMAN
New York, NY
Ron Garret
Emerald Hills, CA
GARRETT GRUENER
Oakland, CA
Paul Haggis
Los Angeles, CA
NICK AND LESLIE HANAUER
Seattle, WA
JOHN S. JOHNSON
New York, NY
William Jurika
Piedmont, CA
JOEL KANTER
Vienna, VA
JOSHUA KANTER
Sandy, UT
Rochelle Kaplan
Salt Lake City, UT
JOHN KATZMAN
New York, NY
ROB AND DIANE LIPP
Los Angeles, CA
ART LIPSON
Salt Lake City, UT
Mario Morino
Rocky River, OH
WIN MCCORMACK
Portland, OR
DENNIS MEHIEL
New York, NY
HERBERT MILLER
Washington, DC
Vibhu Mittal
Palo Alto, CA
Moby
New York, NY
Peter Norvig
Palo Alto, CA
Morris Pearl
New York, NY
Gregory Rae
New York, NY
BERNARD RAPOPORT
Waco, TX
JONATHAN ROSE
New York, NY
GUY AND JEANINE SAPERSTEIN
Piedmont, CA
Heike Schmitz
Palo Alto, CA
SYBIL SHAINWALD
New York, NY
Craig Silverstein
Mountain View, CA
MICHAEL STEINHARDT
New York, NY
PHILLIPE AND KATHERINE S. VILLERS
Concord, MA
SCOTT WALLACE
Washington, DC
David and Vinitha Watson
Oakland, CA
YOU SHOULD KNOW:
Only 375,000 Americans have incomes of over $1,000,000
Between 1979 and 2007, incomes for the wealthiest 1% of Americans rose by 281%
During the Great Depression, millionaires had a top marginal rate of 68%
In 1963, millionaires had a top marginal tax rate of 91%
In 1976, millionaires had a top marginal tax rate of 70%
Today, millionaires have a top marginal tax rate of 35%
Reducing the income tax on top earners is one of the most inefficient ways to grow the economy according to the non-partisan Congressional Budget Office
44% of Congress people are millionaires
The tax cuts were never meant to be permanent
Letting tax cuts for the top 2% expire as schedule would pay down the debt by $700 billion over the next 10 years
Perhaps we will be able to avoid a "Dear Leader" successor to Mao from moving into the White House.
SOURCE: http://www.fiscalstrength.com/
