News flash. It turns out the rich are getting richer and the poor are getting poorer. Who knew? Here's some great data on wealth distribution in the U.S.A. -- check out graphs 5, 6, and 7.
This helps explain why the wealthiest 1% pay the bulk of the US taxes -- it's because they own the bulk of the US assets...
I do think this "socialism" thing has hit a nerve. McCain's not talking about killing graduated taxation so his policy is really no different, but he is making hay accusing Obama of socialism.
Obama could have avoided this whole attack by rasing taxes by 3% on everyone -- we have two wars and several bailouts fund, and it's clear we need to raise revenues.
Sad that many Americans are patriotic "as long as it doesn't inconvenience me or cost me any money." Do Americans really expect that their only additional contribution to the war should be magnetic ribbons and flags on their bumpers?
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