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Taxing the top 2 percent is just a Band-Aid

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Posted: Saturday, December 1, 2012 12:00 am

This is concerning the argument going on in Washington about whether or not to extend the "Bush tax cuts" for the upper 2 percent of wealthy people, which, if implemented, would run our government for 8 days, making it just a Band-Aid fix.

Also, of all people, Warren Buffett is an outspoken advocate of our president raising taxes on the wealthy. May I add that he pays just 17.4 percent after his battery of lawyers take deductions to keep him from paying more, while his secretary pays 35.8 percent in taxes?

May I also suggest that Warren Buffett, with his expendable billions of dollars, could create more businesses in the private sector, thus creating jobs which in turn would pay taxes while at the same time creating products and increasing the wealth of the United States? I think this would be a better alternative than for him to send more of his money to the federal government, which may make investments in companies like Solyndra, the lobby interest and foreign aid.

It is only reasoned logic that adding more tax burden to the top 2 percent of the people who sign the front of payroll checks will diminish those people who sign the backs of our payroll checks as more jobs will be lost.

At the present time our president is still campaigning in various states, stirring up the public with his class warfare argument, rather than working out a compromise in Washington, D.C. There comes a time for him to roll up his sleeves and get some work done, rather than just making speeches that divide us as a nation of people.

F.W. "Bill" Stamos


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