Why do democrats refuse to believe that Obama will raise taxes not only on wealthy, but on everyone?

Yes 1. Because we have a big national debt, which Republicans and conservatives keep complaining about. We need to raise taxes to reduce it, unless we're going to slash and burn essential government programs helping the middle class , the poor, and/or the military.

2. If we're going to raise taxes -- and if the budget hawks are correct, we have to -- it makes sense to raise them on the rich, not the poor or the middle class. Why?

Because the rich can afford it better than anyone else. 3. Even if they end up paying slightly higher taxes than they pay today -- say, a top marginal rate of 39%, versus the measly 35% they pay now -- the rich & super-rich still won't be paying any higher rates than they paid in Bill Clinton's second term, back in 1999 and 2000.

They'll also pay much lower marginal rates than the richest individual Americans paid in the 1960s, when the top rate was around 60%, or the 1950s, when the top marginal rate was nearly 90%. The US economy did very well in the 1950s and the 1960s despite these very high income tax rates for high earners, and the high earners did fine, too. Therefore, raising top marginal rates slightly -- back to 39 or 40 percent -- is truly a "conservative" thing to do.

Slashing federal spending to the bone in order to keep taxes low & reduce the debt, however, would be a "radical" and dangerous thing to do. We should be "conservative," and push top income tax rates back to the levels they reached under Clinton -- if not to the much higher levels they reached under Reagan, under Nixon, under Kennedy & Johnson, or under Eisenhower. 4.

A final reason to raise taxes on the wealthy is to reverse or at least slow down the drastic increase in economic inequality that has transformed American society since the late 1970s. In just 30 years, the fraction of the before - taxes income & capital gain that the richest 1% of the people command has risen from about 8.5% in 1979 to around 23.5% today. The fortunes of the top 1/10 of 1% -- the super-rich, the billionaires -- have risen even faster than the wealth of the merely wealthy, the millionaires.

Meanwhile the incomes of the lowest 20% of the population, both white & nonwhite, have plummeted, and the incomes of the middle class have risen only slightly. In a capitalist society like ours, increasing economic inequality can be bad for many retail and wholesale businesses that sell goods to the middle class. Just as importantly, a widening gulf between rich & poor is a recipe for political unrest, if not violent social conflicts.

Raising taxes on the rich, to fund the government, while keeping taxes relatively low on the middle class & the poor is a good way of making US capitalism just a little more equal and a little less vulnerable to violent conflict. It's a "non-revolutionary," rather boring way of making it easier for even the poor & the middle class to live with a regulated form of market capitalism. A slightly fairer tax code won't promote "communism," as the right wing extremists love to say in criticizing Obama.

In fact, a fairer tax code -- a tax code closer to what used to exist under Eisenhower, Nixon, Reagan and Clinton -- would guard against the kinds of social unrest that lead towards communism. 5. For Americans with strong & progressive religious beliefs -- especially for religious Christians, Jews & Muslims who take Biblical teachings of social morality seriously -- taxing the rich in order to help the poor is being loyal to God's word, it's a way of practicing the compassion towards the poor that the Bible & the Koran enjoin on all rich people.

Only if you want to make this the USSA: The United Socialist States of America, under the leadership of Marxist Dictator Barack Hussein Obama. Only if you want to adhere to the Class Warfare Plank of the Communist Manifesto of Barack Hussein Obama. Only if you are a stupid idiot and/or brainwashed by Barack Hussein Obama and if you are afflicted with the liberal mental disease.

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