by Daniel Costello

Here's a few pieces on whether now is a good time to really soak the rich. No matter who's right, my take is the devil is always in the details, especially at a time like now. Here's a few competing views.

Here's one from Investor's Business Daily. The line about how the poor are poor because "of family breakdown, low skills, destructive personal habits and plain bad luck" seems just a wee bit harsh. But the author does have a few interesting points buried in there.

Here's one more view from the conservative Heritage Foundation. I think the title "Soak the Rich and We All Get Wet" is kind of catchy but not the most thorough argument I've come across.

Now for the other side...

 

Robert Reich makes a case for increasing taxes on upper income folks on Salon.com. Interesting, but like the Heritage Foundation, some important nuances are glossed over in parts.

And here's a video link on the topic by recent Nobel prize winner Paul Krugman.

We'd love to hear your take on this timely question.