According to a new AP-Gfk poll 68 percent of Americans believe the wealthy pay too little in federal taxes. With America's wealthiest 1% accumulating the vast majority of the economic gains made over the past 40 years, the AP-Gfk poll makes it clear most Americans "support President Obama's proposal to raise investment taxes" on those making the most money in America.
In effect, Americans are saying: After more than $4 trillion in bailouts - which were orchestrated by the federal government after the Wall Street induced market collapse of 2008 - it's time for America's wealthiest class to quit basking in their state supported riches.
For my money, I would add that the poll is telling us Americans intuitively understand that those who benefited most from the 2008 market bailout need to stop pretending they actually earned their taxpayer-backed bailout profits and bonuses.
Specifically, 56 percent of Americans agree with President Obama's proposal to increase the capital gains tax on households making more than $500,000 per year, with only 16 percent opposed. In simple terms, the AP-Gfk poll says Americas wealthiest class needs to start pitching in so we can rebuild the nation-state.
You can read poll questions and results here.
- Mark
In effect, Americans are saying: After more than $4 trillion in bailouts - which were orchestrated by the federal government after the Wall Street induced market collapse of 2008 - it's time for America's wealthiest class to quit basking in their state supported riches.
Specifically, 56 percent of Americans agree with President Obama's proposal to increase the capital gains tax on households making more than $500,000 per year, with only 16 percent opposed. In simple terms, the AP-Gfk poll says Americas wealthiest class needs to start pitching in so we can rebuild the nation-state.
You can read poll questions and results here.
- Mark
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