Wednesday, Sept. 28, 2011 | 2:01 a.m.
In regards to Jim Reid’s Thursday letter, in which he says we should be thanking the top wage earners for paying their 40 percent of the tax revenues and creating so many jobs, please excuse me for thinking his letter was a joke. The real jaw-dropper was when I got to the part about having the bottom 40 percent of wage earners pay more taxes.
The United States has the most unequal distribution of wealth of any major country. Our inequality is so profound we rank behind nations such as Nigeria, China, India, Ivory Coast, Tunisia, Egypt, Burundi, Nicaragua, Bangladesh and Ethiopia, according to the CIA World Factbook.
As far as creating jobs, it is well known that small businesses create the vast majority of jobs in this country, not the billionaires.
Conservatives have been propagating the lie that says if we only give the rich more tax breaks, they will create more jobs. It’s now been a decade since the Bush administration enacted massive tax cuts for the rich. We can all see how that worked out. And in the 2010 elections, Republicans promised that if they were elected they would put Americans back to work. So far the only occupation with an uptick has been home repossessors.
In light of all this, I certainly see no need to give the millionaires and billionaires a pat on the back for paying their taxes. They are not doing it for altruistic reasons.