Thursday, November 17, 2011

Millionaires to Congress: raise our taxes

A group calling itself "Patriotic Millionaires for Fiscal Strength" has asked Congress to raise taxes on high incomes.  Its site is here .  It would be a good question as to whether to look at high net assets, and what its position would be for means testing on Social Security and Medicare.

The story broke on Reuters today. It could feed into the deliberations of the Supercommittee, with "turkey" report due Nov. 23.

There is a petition letter on the site.

Leading economists like Robert Reich are saying that the economy is not a zero-sum game.

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