[quote=Borat]The data clearly shows the rich get raped. How you could see the opposite is interesting.
John, see my earlier post about the way the definition of “rich” changes depending on who you’re talking to. You’re using definition 2 of “rich” which actually means middle-class to upper-middle-class. By that definition we are in agreement, those people are getting raped with taxes (and I’m in that group!) However, the people that run the show, the people who engineered the Bush tax cuts and the financial institution bailouts and on and on don’t define “rich” in the same way, they use definition 1 (most if not all income earned through passive investment). They are saving tons of money with these tax cuts and we know that for sure by the fact that they’re funding articles like this in the WSJ.
Oh, and here are some examples of what I would consider productive jobs:
Basically, any actual job or profession I would consider to be productive work. [/quote]
The more jobs you create the productive your work is. Jobs that don’t creat other jobs are not the ones that make people rich nor to they help grow the economy.
People who are the risk takers deserve what they get and paying 40 times their share in tax is not something they deserve.
Perhaps we shouldn’t tax income, only assets. That way all the “old money” like John Kerry who only paid 10% income tax would be forced to pay their “fair share”.
