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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (43990)7/2/2010 8:49:39 PM
From: TimF  Read Replies (1) of 71588
 
Re: "The wealth continues to be transferred away from the wealthy, not to the wealthy."

That claim is completely and utterly ridiculous when trends are examined over a longer term.

No its completely true when looked at for any term in recent decades, and almost certainly in any specific year, or collection of years, since the US federal income tax started.

The wealthy pay more in taxes than they receive from the government in payments, therefore wealth is transferred away from them.

Getting wealthier, even having a larger percentage of the total wealth (esp., but not only, in a growing economy where people in general can have more even if the wealthy have a larger percentage) != having money transferred to you.
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