Blame the wealthy — then make ’em pay

Rich Americans need to get on the ball. The recovery is slowing down and it’s all their fault.

If they don’t start spending — and I mean really spending — some economists think their tight-fisted attitude could push the economy back into recession.

Sounds kind of selfish, to me. A true patriot would be willing to spend freely to get the economy bustling again.


According to this AP report, the wealthy have stuffed their cash in a lockbox because they don’t know what’s going to happen to the Bush tax cuts which are set to expire in January.

Culture_Currency(2).JPGPresident Obama wants to see higher tax rates for individuals making at least $207,000 and couples earning $250,000. The prez is in a tough spot and needs to find new revenue to pay for ever-gowing government spending.

Let’s not quibble about whether $207,000 is a rich man’s salary.

Ordinarily, I would go along with soaking the wealthy — what’s a few extra bucks for the taxman to somebody who makes big money.

But this time I think there is a better way.

I suggest keeping the Bush tax cuts in place in exchange for requiring rich people to go on a shopping spree. Make ’em sign a pledge to buy an extra car or two, maybe a couple of designer suits or a new house.

It’s a win-win — the rich avoid a tax increase and the economy gets a shot in the arm.

Think about it.