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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (180741)	1/16/2004 9:12:28 PM
From: mph	Read Replies (5) \| Respond to of 1572100

Well, the top quintile may earn 50% of all the income, but they also pay 65.3% of all the taxes under the new tax bill and paid 65.8 % under the old law: ctj.org In addition, nearly 30% of all tax filiers will pay no tax at all: taxfoundation.org And here's an historical analysis of tax cuts dating back to Kennedy: taxfoundation.org I take it from your postings that you think the top 400 earners in the country should have their income basically confiscated. . Exactly what fraction of the budget do you think that would foot? My overall point is that the class warfare approach the Democrats seem to love is divisive and basically designed to appeal to the baser instincts of their constituency. It's the only way they think they can stay in power or regain power... The key is controlling spending, not confiscating the money of any taxpayer at any level. The problem is that spending cuts are not popular and don't buy votes.