That article on Michael Moore is nonsense. It's all pop culture politics.
1.) This measure of "financial wealth" that leaves out how much your house is worth. That skews the numbers just a little bit, considering the typical percentage of their total worth somebody's house in the middle class represents.
2.) We're talking about taxes. Surely you don't want to tax wealth? Usually, it's controversial to tax money twice (even though it's done in a few places). If you tax it when they make it, and every year it sits in the bank, you're gonna have so many rich people bolt the country... Even if you just have a wealth tax of 5%, how long does that tax to cut your net worth in half. Like 12 years I'm guessing without doing the math?
The CBPP article is more interesting.
That thing were the rich are getting so much richer, I wonder if that's a product of how large our corporations have gotten, a trend I'm not crazy about either. But, the answer to that issue isn't taxing the rich. It's to encourage small business which spreads out the wealth more. And, the vast majority of people making $250K (Obama magic campaign number for where it's okay to soak them) are people running small businesses.
And then, you have Toffler's Third Wave. Where the giant institutions we've developed our going to get more manageable and smaller due to technology. That'll help small businesses.
That CBPP article doesn't say the poor are getting poorer. It says they're staying about even, making just a touch more money.
Quote: Half the fucking country is doing that. How do you think people w/ 40k jobs have 30k in credit card debt?
Yeah, but they're (usually) not racking up that kind of debt in a year and a half like the government would.
Previous Topic
Index
