JM> Bob Klahn -> John Massey wrote:

 BK>>  ...

 RS>>>> Try actually listening to Obama.

 RS>>>> He will increase taxes *ONLY* on those who got the big fat Bush
 BK>> tax cuts,
 RS>>>> those making hundreds of thousands or more a year.

 JM>>> That's called wealth re-distribution.

 BK>>  No, it's not. It's called taxing those who have money to pay.

 JM> A rose by any other name. It's still an attempt at wealth
 JM> re-distribution.

 Only if you *RE*define it that way.

 BK>>  Years ago I read that the Reagan administration presided over
 BK>>  the greatest transfer of wealth in the history of the world,
 BK>>  from the poor and middle class to the rich. It has continued and
 BK>>  accellerated under Bush. Look at the distribution of income and
 BK>>  wealth in this country, and how it was in the past. The rich
 BK>>  have really gotten richer, and the poor really are getting
 BK>>  poorer, as are the middle class.

 BK>>  What part of the secretary pays a higher tax rate than the
 BK>>  billionaire has escaped you?

 JM> The secretary is likely to pay far less in total taxes than
 JM> the billionaire.

 The point was the rate... the percentage of income, paid in
 taxes.



BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Any sudden, drastic change is likely to be bad. Klahn's law of econ.
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