...for some Republicans to cut taxes on the rich; now they want to raise taxes on the poor. Have you heard about this? Even my brother mentioned to me yesterday, "Everybody should pay something." It's a seductive argument, until you consider these statistics from Nicholas Kristoff's column in yesterday's Times (my emphasis):
According to the C.I.A.’s own ranking of countries by income inequality, the United States is more unequal a society than either Tunisia or Egypt.
Three factoids underscore that inequality:
* The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.
* The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
* In the Bush expansion from 2002 to 2007, 65 percent of economic gains went to the richest 1 percent.
Right. Time to tax the poor.
No comments:
Post a Comment