Posts by Delaware Dem

Last night, Oscar host Neil Patrick Harris noted that the gift bags that nominees and other special attendees and guests received had items in them that totaled over $100,000.00, and one of the items was a gift card for a Brinks security van to come pick the bearer up and to take him or her to safety once the Revolution comes. Well, it is time for the Revolution to come. And by revolution, I do not mean the automatic beheadings of the wealthy by us were regular Americans (although that may be the next step if the wealthy prevent, in any way, what I am about to prescribe). No, by revolution, I mean adjusting the tax code such that this country and state can function once again. David Sirota calculates that, if we just tax the wealthy at the same relative rates as we tax the middle and lower classes, we would be able to raise hundreds of billions of dollars:

Roads are crumbling, bridges require repairs, schools need upgrades and public pension systems remain underfunded. How can states and cities find the money to address any of these problems? One way could be through their tax codes. According to a new report, if the rich paid the same state and local tax rate as the middle class, states and cities would have hundreds of billions of dollars more a year in public revenue. Last month, the nonpartisan Institute on Taxation and Economic Policy found that the poorest 20 percent of households pay on average more than twice the effective state and local tax rate (10.9 percent) as the richest 1 percent of taxpayers (5.4 percent).

Enter the Kavipsian Progressive Tax Fairness Plan of 2015, which I demand be enacted by the General Assembly forthwith!