The Republicans in Minnesota are whinging again because the Democrats want to raise taxes on the rich. By “rich” they mean couples with incomes above $400k and individuals with incomes above $220k.
They want to do this because the failed “no new taxes” policy of Gov. Pawlenty has driven property taxes through the roof. As you may recall, property taxes are largely regressive in that lower income people pay a larger percentage of their income towards them. They want to raise income tax on the rich so they can lower property taxes on the rest of us.
The Republican doofus who was on MPR this morning brought out the same old tired rhetoric. “We’re taking money out of one pocket and putting it in another” and “Rich people are the drivers of are economy and we don’t want to drive them away”.
What a load of bullshit. If the rich don’t like paying a disproportionate tax burden then they should give away all their money so they can be part of the “lucky” majority that are not rich. No one would make that trade. They also have no problem taking money from one pocket to another so long as it goes into their pocket.
Taxes should be as low as possible but no lower! The rich should pay more in taxes. When I’m rich, God willing, I will not bitch about taxes. Incidentally, I’m not rich and I still don’t bitch about taxes.