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Wealth for the Common Good.... Thoughts?

Wealth for the Common Good is a network of business leaders, wealthy individuals and partners supporting public policies that promote shared prosperity and fair taxation.

Over the last 30 years, we have disproportionately benefited from the economic policies. We feel it’s time rebalance the economy so that it works for everyone — not just the wealthy. Our country is facing unprecedented economic challenges right now: We all need to pay our fair share to resolve these issues and make long overdue investments in education, health, energy and infrastructure.

Right now we’re leading our first campaign, calling on President Obama and Congress to immediately reverse the Bush-era tax cuts on household incomes over $235,000. This could raise an estimated $43 billion in annual revenue.

It is powerful when those who would pay a tax speak publicly on its behalf. It’s important that we let our elected officials know ....

 
gramsmom

Asked by gramsmom at 9:38 AM on Jul. 29, 2009 in Politics & Current Events

Level 22 (13,423 Credits)
This question is closed.
Answers (20)
  • waldorfmom I donate to charities AND i don't complain about paying my taxes.


    That is the difference between a Republican and a Democrat. Lets be real here, Republicans in general just aren't charitable people, they look out for numero uno and thats why they are so concerned with the small amount of money that gets taken from their taxes each year.

    SRiveroC

    Answer by SRiveroC at 10:55 PM on Jul. 29, 2009

  • gramsmom

    Answer by gramsmom at 9:38 AM on Jul. 29, 2009

  • The people who voted for a living instead of working for one, would love this.
    jewjewbee

    Answer by jewjewbee at 9:44 AM on Jul. 29, 2009

  • Its a socialist organization.
    Carpy

    Answer by Carpy at 9:45 AM on Jul. 29, 2009

  • Yes, less tax the wealthy to such a degree that they stop hiring, stop creating new jobs, stop expanding their businesses. Then, when the unemployment rate goes up, we will tax them some more, followed by the middle class. When the unemployment rate goes up even further, we will start taxing the poor. Oh wait, that will be pretty much everyone, because the intelligent, hardworking business owners who create jobs will have all left the country.
    mancosmomma

    Answer by mancosmomma at 9:50 AM on Jul. 29, 2009

  • "$43 billion in annual revenue"


    That could go a long way.


    Reversing the Bush tax cuts wont hurt the people making over 235,000 a year. It's apparent that trickle down economics does NOT create jobs like Pubs claim it does, so lets put that 43 bill to good use.

    SRiveroC

    Answer by SRiveroC at 10:24 AM on Jul. 29, 2009

  • Don't they realize they can spend their own money for the public good better than the government can?

    Why don't they just give directly to the people and charities of their choice instead of throwing money into the waste of government bureaucracy?
    Anonymous

    Answer by Anonymous at 10:45 AM on Jul. 29, 2009

  • That could go a long way.



    Reversing the Bush tax cuts wont hurt the people making over 235,000 a year. It's apparent that trickle down economics does NOT create jobs like Pubs claim it does, so lets put that 43 bill to good use.

    An uneducated answer. Do you even have a job??? It is abudantly clear from your answer that you don't run a business. MOST people making over $235,000 are small businesses. They are not NETTING $235,000 and NO THEY CANNOT AFFORD IT.

    My business CANNOT AFFORD any more taxes. I am already going to be cutting salaries by at least $2.00 per hour on Jan 1 to compensate for the taxes I am going to be hit with in yr 2010. If pushed too far small businesses will simply scale back to avoid the tax or just close altogether.

    Of course those that don't worry about having a job because they are getting a check every month from BO won't care. But, some of us do.
    yourspecialkid

    Answer by yourspecialkid at 11:30 AM on Jul. 29, 2009

  • Hmm, what would I rather do. Spend $100 and buy groceries to give the foodbank or pay it in taxes and have it go to something stupid like the Nancy's mouse or million dollar toilets.

    I'll keep my money thank you. They are free to pay their's in taxes if they wish.
    yourspecialkid

    Answer by yourspecialkid at 11:31 AM on Jul. 29, 2009

  • People wonder why jobs leave the country. One word...............T A X E S. The US has the 2nd highest corporate tax rate in the world...and that is before businesses also have to pay state taxes and the other zillion little taxes and fees thrown at them. I'll refrain from going into the regulation issues we are also plagued by!
    yourspecialkid

    Answer by yourspecialkid at 11:33 AM on Jul. 29, 2009

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