Posted by Jakeman on November 22, 2005, at 20:01:00
In reply to Re: just one more... » AuntieMel, posted by Gabbix2 on November 18, 2005, at 18:29:19
The big picture is who is better off. There has beeen a massive shift of wealth to the upper income classes in the US over the past 20 years. This phenomenon does not sustain capitalism in the long run, because middle and low income people need money in their pockets to buy stuff and keep the whole machine running. I'm speculating, but that may be a reason that billionaire George Soros supported Kerry in the last election. A quick search came across this article:
"Meanwhile, income inequality has grown. In 2001, the top 20 percent of households for the first time raked in more than half of all income, while the share earned by those in the middle was the lowest in nearly 50 years."
http://www.washingtonpost.com/wp-dyn/articles/A34235-2004Sep19_2.html
I need to research this more, but it's possible that the the reason the rich are paying the most tax is because their incomes have increased.
warm regards,
~Jake
poster:Jakeman
thread:578654
URL: http://www.dr-bob.org/babble/poli/20051121/msgs/581378.html