Taxing the Rich, the Obama Way - well worth reading, by Robert Reich

[NRaleighLiberal]

http://www.truth-out.org/taxing-rich-obama-way/1316452857

"Warren Buffett is a tough negotiator, which is one reason why he’s the second-wealthiest person in America.

So when the President refers to his new initiative to raise taxes on millionaires as the “Buffett rule” we might expect he’d start the bargaining from a tough position.

But this is Barack Obama, whose idea of negotiating is to give away half the house before he’s even asked the other side for the bathroom sink.

big snip

We don’t yet know the details of the President’s proposal. The White House hasn’t said what the minimum rate on millionaires will be, or how they’ll define a “middle class” income. Maybe he’ll surprise us by starting out much higher and tougher."

read on.