SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J_F_Shepard who wrote (144308)10/30/2008 9:51:41 PM
From: TimF  Read Replies (2) of 173976
 
.the nation's wealth is redistributed no matter which party gains control.

That's very true.

As we just experienced, wealth was redistributed upward to the more wealthy

That is completely false. The redistribution was from the wealthy to the less wealthy.

Redistributing upward would imply taxes that where much higher for the poor and middle class (in absolute dollar terms not just as a percentage), and government benefits that focus on the wealthy. Neither happened recently.

And we didn't even get "less redistribution", because (at least until the current economic slowdown) the wealthy where paying a larger and larger percentage of the tax burden every year. So we got more redistribution away from the wealthy.

Your incorrectly conflating "the rich are richer" with "the rich have more redistributed to them by the government", but they are two totally separate ideas, and in fact the more the rich (as a class) get richer the more they tend to get wealth redistributed away from them.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News