The politics of s'im-c'ity....

[BigV]

Originally Posted by classicman

The Buffett Rule solves nothing. It significantly addresses no economic problem.
At best it'll cover the interest on the debt for a month. At worst, a couple days.

Ibs, what exactly do you think is so great about it?

Don't let the perfect be the enemy of the good.

Just because we can't do one big thing that will solve the problem doesn't mean we shouldn't do many small things that will make the problem smaller. OF COURSE there isn't one thing, one magic wand wave that will make the deficit disappear. So the only positive choice is to take what steps we can, like a rule like this, and let them all add up.

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On a related note, I think a far better solution would be to treat income from wages and income from capital gains the same. It still wouldn't solve the whole deficit problem, but it would be a step in the right direction, a GIANT STEP.