Monday, April 17, 2006

May the rich get richer

Back in elementary school, when I was a Republican b/c my parents are Republicans, one of my classmates reported to me that the slogan for the Republican party is "May the rich get richer." I was honestly not bothered by this, b/c I didn't really see the real-life consequence of this that it's sooo often at the expense of the poor and middle class. Trickle down economics doesn't work.

This is from slate.com

The LAT finds that Americans earning more than $500,000 a year pay about 22 percent of their income in taxes, barely more than the 20.6 percent paid by people earning $100,000 to $200,000. Those earning $40,000 to $50,000 pay 15.8 percent. Advocates of a flat tax have argued that this would lead to economic growth benefiting all. But, citing stats most of us have heard, the LAT argues that the gap between rich and poor in the U.S. is still growing, putting the lie to the flat-tax pushers.

1 comment:

sabressuck said...

the sabres are a bunch of weiners