Warren Buffet nails it on inequality

[RavenSky]

I strongly disapprove of your eat-the-rich attitude, though. Revenue collection should not be used as a means of implementing social policy--that always results in bad rules.

Just curious, why is implementing social policy via an expanded EITC ok but not paying for it via taxes? How do you think an expanded EITC would be paid for?

 

[Loren Pechtel]

I strongly disapprove of your eat-the-rich attitude, though. Revenue collection should not be used as a means of implementing social policy--that always results in bad rules.

Just curious, why is implementing social policy via an expanded EITC ok but not paying for it via taxes? How do you think an expanded EITC would be paid for?

I didn't say it shouldn't be paid for with taxes. I objected to taxes designed as rich-bashing tools. Of course the rich should pay higher taxes but that's not to say we should be seeking to chop them down.

 

[RavenSky]

Just curious, why is implementing social policy via an expanded EITC ok but not paying for it via taxes? How do you think an expanded EITC would be paid for?

I didn't say it shouldn't be paid for with taxes. I objected to taxes designed as rich-bashing tools. Of course the rich should pay higher taxes but that's not to say we should be seeking to chop them down.

Well, since I never suggested a "rich-bashing" tax nor that we should chop any one down, I guess you have no objection