Friday, July 8, 2011

Let Them Eat Cake

Senator Hatch things the poor in America have it far too good. He also thinks the deficit is way too big. But we shouldn't even think about taxing the rich, since if you do you are a socialist clearly promoting class warfare. His solution? Soak the poor! And Hatch is considered a sane and reasonable figure in the modern Republican Party.

Lets agree for the sake of argument that the top 10% of earners pay about 70% of all income tax and the top 1% pays 37%. Might this be because the top 10% owns just over 70% of American's net worth and the top 1% owns just under 37%? I'm not seeing the outrage here. I must not be Serious enough.

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