"Patriotic Millionaires" Asked to be Taxed More

These guys have obviously done well in the business world but they still don't understand what it takes to fix the country's economic problems:

While the New York Post reported Wednesday that for more that 80 percent of Americans believe that keeping the Bush tax cuts is “a priority,” more than 80 millionaires are asking President Barack Obama to “please let the Bush tax cuts expire and raise our taxes.”

In a letter addressed to the President, the millionaires make their case, saying that as successful Americans they are ready and willing to do their “fair share.”

“For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled,” they write. “We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.”

The Patriotic Millionaires for Fiscal Strength, include musician Moby, Men’s Warehouse CEO George Zimmer, Princeton Review founder John Katzman, and Ben Cohen of Ben & Jerry’s ice cream.

Even if we taxed everybody who earns a million a year at a 100% rate it would only be a drop in the fiscal bucket compared to the debt this administration has run up. More taxes will not fix the problem, only economic growth which will generate more tax revenue and spending cuts will turn things around.

And if these "patriotic millionaires" truly believe they are being undertaxed there's absolutely nothing that prevents them from sending more of their money to the government. They can write a check to for any amount they want and the US Treasury will take it. They don't have to wait for a new tax law or government mandate.

However, people like this did not get where they are in life by spending money they didn't have to spend, and apparently they're not comfortable kicking in more to the treasury without being forced to...and at the same time forcing others to do the same.