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Showing posts from October 16, 2008

Wealth disparity in America

I am growing tired of people blaming Bush's tax cuts on the problems we are having. First of all, if you do blame him then you have a serious gap knowledge when it comes to taxes. Instead of being a mindless drone, do some research for once. Also this is not a post about the defecit, because if Bush was a conservative he would minimize spending....guess he figured he would be the next Reagan and rammed Iraq. When taxes are eased on the wealthy, they pay more as a total percentage of taxed paid. Historically when the government taxes the wealthy, the middle class ends up picking up the slack. A notable example would be Bush Sr's tax hikes. Here is a great resource. Who really pays our taxes The left will come up with some jack-ass argument that the wealthy use fraud, but the US treasury repeatedly reports that lowering taxes on the wealthy raises increases their share. NOW, yes - they actually end up making more money. It is true and as a result of which, the gap grows b