Reply #23: I didn't mean to imply that reversing the Bush tax cuts is a panacea or that it is the only thing [View All]

[Time for change]

that we need to do. I'm just saying that I think that it's ONE very important thing that needs to be done.

I see your point that a billionairre who makes $0 in a year won't pay any taxes. But I don't see that as a reason not to increase the top marginal tax rate. 50% of 0 is 0, but so is 20% of 0. So, how could it hurt?

And then also there is the inheritance tax, which should also be brought back up to pre-Bush levels -- though I don't recall Obama talking about that one.