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Old 01-03-2004, 09:03 PM   #11 (permalink)
madp
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Location: New Orleans/Chicago
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Oh man dude you are so right, the rich pay an unfair portion of the taxes. We should cut taxes for the rich... *ding* *brain turns on* I just remembered that the rich control a massive amount of wealth and that is why they are taxed so heavily.

The State of Working America 2002-03
"Like wages and incomes, wealth is a vital component of a family's standard of living. Several key features about American wealth stand out. First, wealth distribution is highly unequal. The wealthiest 1% of all households control about 38% of national wealth, while the bottom 80% of households hold only 17%. The ownership of stocks is particularly unequal. The top 1% of stock owners hold almost half (47.7%) of all stocks, by value, while the bottom 80% own just 4.1% of total stock holdings."

http://www.epinet.org/content.cfm/b...02_swa2002intro
So what's your disagreement? Do you think that the wealthy shouldn't be included in a tax cut? Despite the fact that they pay most of the taxes?

I'm sure you had a point hidden somewhere in all that invective. . .please do share.
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