Matthew Yglesias at ThinkProgress.org counters the right-wing’s latest talking point — that raising taxes on the wealthy is bad because someone’s rich uncle might not feel like investing in his niece or nephew’s start-up business (stop laughing, they’re serious about this) — with these salient, real-world points:
Meanwhile, the crippling long-term budget deficits that will result from refusing to raise new revenues are not going to be doing any wonders for entrepreneurs. And perhaps more directly to the point, the lack of a guarantee of affordable health coverage is a major impediment to entrepreneurship in the United States. The status quo systematically discourages talented, skilled people form leaving jobs at existing firms in order to strike out on their own, and this is one of the things the administration is trying to address in its budget proposals.
President Obama is exactly right that health care reform is an integral part of fixing our economy. I’ve been saying it for years, and I’m glad we have a president who understands that.