A response to the previous two comments made on the blog:

Keeping the current tax rate the same, for those making above $250,000, is NOT on par with a 60% tax rate on those making under $250,000, as you proposed. Such an argument is a non-sequitur, lacking a logical basis. You seem to advocate the redistribution of wealth, which makes me wonder what justifications you have. Why are you entitled to the hard-earned money of another, sir? Why should someone who has spent over seven years, beyond high school, specializing in a degree be forced to give you the money that his specialty has awarded him? Did you pay for his law school? Did you pay for his medical school? Did you come up with his entrepreneurial ideas or his ways to achieve success? NO. He incurred the debts himself and with persistence and dedication eventually paid them off. He has given back to his community; he has given to charities; he has given although that money was rightfully his. Now let me ask you a question, sir: if you were in the specialized man’s position, would you honestly stand for the government increasing your taxes further? NO, you would not. If you advocate socialism or communism sir, you may enjoy the prospect of living in Cuba. There, sir, people have all in fact been left the same. They have all been left dirt POOR. Cuba is the star example of a failed attempt at communism. A failed attempt which initially began with socialism, an initial redistribution of wealth, which is what you are advocating, that then continued to spiral downwards until communism was whole-heartedly achieved.
Additionally, my ideas are not solely based on corporate philosophy, but also on recent economic data. If you look at the current financial crisis we are in, which can be primarily attributed to the collapse of Fannie Mae and Freddie Mac, disadvantaged individuals, who would not have otherwise been given loans, were in fact given loans under the Community Reinvestment Act of 1977 (http://www.fdic.gov/bank/historical/s&l/index.html). This act, endorsed by both Carter and later Clinton, facilitated the eventual collapse of large banks that were primarily backed by mortgage securities. Because banks began to crash, wealthy individuals began to remove their money from the stock market, which further worsened the economic situation. Those individuals who invest in the stock market help our nation’s economy grow and prosper further. If you continually take money away from them, you will experience a deepening recession and possibly even another depression.