Huge numbers of these "rich" Americans are leftists, and yet these rich leftists try to reduce their tax burden as much as possible. If the best government policy towards wealth is to tax it heavily, then why don't leftists lead the way? Isn't this sort of leadership -- leadership by example -- the most effective?
Mike Huckabee, when he was Governor of Arkansas nine years ago, created the "Tax Me More Fund" which allowed those leftists in the state who felt that tax rates should be higher to send a check to this fund, which would be used to help the general revenue crisis that Arkansas was facing at the time. Huckabee did not have the support of the Arkansas Legislature. He did not even have the support of Republicans in the legislature. But he acted anyway.
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These leftists passionately argue that soaking the rich is good public policy...and they are "the rich." So why don't these leftists put their money where their mouths are? Why doesn't President Obama challenge them to pay more for the cost of the federal government voluntarily? Obama might be able to establish a "Tax Me More Fund" by executive order, as Huckabee did, but would it not make more sense to seek a bipartisan consensus? Why not ask Congress to formalize the "Tax Me More" for the rich in the tax code?
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