Taxation, the Ultrarich, and Shared Sacrifice

Politico Arena Topic: Is the Surtax Suicide for Dems?

Taxing the rich is anything but a suicidal proposition. Polls are consistent in showing that Americans want shared sacrifice. One need only look at the compensation packages of America’s Fortune 500 CEOs (you know - the job creators that aren’t creating jobs) during this time of economic hardship and high unemployment to see that something is out of whack. As the gap between rich and poor widens and as the middle class struggles to stay middle class, moves to increase taxes on the very wealthy in this country is smart politics.