FORA-TV: 'Debate: Are The Rich Taxed Enough in the United States?'

Source:FORA-TV- showing a debate about taxes to a convention of insomniacs.

"Intelligence Squared U.S. hosts a debate on whether the rich are taxed enough in the United States. How do we fix the economy? The U.S. government's budget deficit is nearing a trillion dollars for the fourth straight year and unemployment remains high. With the Bush-era tax cuts that are set to expire at the end of 2012, what is the best move for continued economic recovery? President Obama says we should raise taxes on those making more than $250,000 to reduce the deficit. Others say that the richest 1% already pay more than a quarter of all federal taxes and higher taxes for job creators would slow economic growth. Are the nation's wealthiest not paying their "fair share," or should tax breaks be extended for everyone in the name of job creation? For the Motion: Glenn Hubbard and Arthur Laffer. Against the Motion: Robert Reich and Mark Zandi." 

From FORA-TV

Are the rich taxed enough? This is an interesting question because answering is like trying to prove a negative. Everything is relative, perhaps especially with tax policy. It's about what type of government you have, what type of population you, where the people are ideologically, what the people want the government, especially the nationally government to try to do for them. All these factors answer the question are the rich, or anyone else in the country, taxed enough, too much, or not enough.