Monday, July 25, 2011

The 400 Richest...

The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam. Today, they pay 18% on the average, according to Steve Rattner, a Wall Street financier.

And those tax cuts have been in effect for over a decade now. And we were promised that these cuts would cause the "job creators" to create job and that prosperity would abound. Didn't happen.

Now the chorus is singing that if we roll back those tax breaks, we'll lose jobs and prosperity.

Crazy. And many fools believe it.

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