We support Obama’s stance that people who earn more than $200,000 (or $250,000 for a couple) ought to contribute more to the public weal. Critics call this “class warfare,” but it needn’t be. The intention isn’t to punish the rich, nor to suggest that people with high incomes are bad. The intention is to raise the money necessary to finance the amount of government we want, and to do so as fairly as possible. Those who have been luckiest in the lottery of life -- whether by talent or trust fund -- have also, in recent years, been luckiest in rates of taxation, as Warren Buffett has vividly demonstrated by comparing his average rate with that of his secretary.
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