The Jaker

Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.

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Monday, June 06, 2005
Increasing tax burden on upper-middle class while drastically reducing it on the hyper-rich
The NYT special section on Class, including the most recent article on the richest of the rich, has been superb. I wish everyone in the country would spend 5 minutes reading the following graphic, and realize the wealth reallocation that Bush's tax cuts are causing. I work with many people in that top 0.1% that's benefitting, and trust me - they are not small business owners reinvesting their money in growing their business or providing new jobs. Rather, they are buying bigger houses in the Hamptons and Vail, taking more exotic family vacations, and paying huge sums to join country clubs across the country. They aren't hurting for a tax cut.

See graphic
posted by CB @ 6:08 PM  
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