Schakowsky Introduces “Tax the Rich” Bill

Posted by Rachel Pulaski on Friday, March 18, 2011
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Jan Schakowsky
From gatewaypundit.com -Jan Schakowsky introduced the “Tax the Rich” bill this week. Schakowsky says the bill would force the nation’s wealthy producers to “pay their share” by increasing their taxes significantly. Her socialist colleagues spoke out in favor of the new taxes. From her website: Income inequality in America is the worst we’ve seen it since 1928. Wages have stagnated for middle and lower income families despite enormous gains in productivity. Where has all the money gone? “In the United States today, the richest 1% owns 34 % of our nation’s wealth – that’s more than the entire bottom 90%, who own just 29% of the country’s wealth,” said Rep. Schakowsky. “And the top one-hundredth of 1% now makes an average of $27 million per household per year. The average income for the bottom 90% of Americans? $31,244. It’s time for millionaires and billionaires to pay their fair share, which is why I introduced the Fairness in Taxation Act.  More News New Mexico
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2 comments:

Anonymous said...

Schatkowski has....for brains. Why doesn't this clown just move to Havana?

March 18, 2011 at 8:42 AM
Anonymous said...

Sorry but this bill is unconstitutional. Not for the reasons most people think, lack of authority. No the 5th amendment requires just compensation for taking private property. Private property is not simply real property but includes all property, especially one's labor or its exchange form, money.

No government may legitimately overtax one group to support another. The government is requires to provide just compensation to the person from whom the money (property) is taken so unless the government is going to give more services, equal to the taking, then the government is in violation of another section of the Constitution. For that matter, the government hasn't been in compliance with our Constitution since the first Congress met. Those elected have never cared for the People's rules and have always violated the rules at will.

March 18, 2011 at 10:09 AM

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