Professor Kim:

A little distortion with your morning coffee

Senator Hillary Clinton (D-NY) recently told a group of wealthy Democratic donors that if their party wins control of the White House and Congress in November,they would probably roll back some of the Bush administration's tax cuts (summarized in this .pdf document to help get the economy on track. According to an AP account, she said:

"Many of you are well enough off that ... the tax cuts may have helped you. We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good."

Judging by some of the response's to Clinton's remarks, one would think that she had proposed robbing widows and orphans to pay for Congressional pay raises.

Links to outraged Conservatives over there.

You know, I propose that unearned and passive income be taxed at the same rate as earned income. I think, in fact, unearned income should always be taxed at a higher rate than income earned by one's personal efforts but that's not part of my proposal. It is part of my proposal that any future tax cuts be directed toward earned income rates as long as earned income is taxed at all.

I think taxing all income at the earned income rate is simple, totally focused on those who work for a living and is morally irrefutable.