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wf3h wf3h is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 1,222
Default OT Confiscatory taxation

On Mar 22, 6:53*am, "Eisboch" wrote:
"wf3h" wrote in message

...

as the nobel prize winning economist paul krugman pointed it, it's as
if for every year of the last 30, every middle class family sent a
check for $10,000 to the richest 0.1% of americans.

--------------------------------------

Bull****.

"It's as if" *is not *"as it is".

The rich got richer because the world got richer. *


funny the middle class got left out. productivity improved. more
wealth was created. and the wealthiest took it all for themselves.

Wealth was created, not
redistributed from the middle class. *I agree that wealthy people are
typically in a better position to gain more wealth through wealth creation,
but they are not "taking it" from middle class.

Where you people get this goofy idea, I don't know.


you mean other than looking at the evidence? gee. i don't know. the
rich got richer. the middle class did not. how strange of me to think
the rich got richer and the middle class did not...


BTW, *Some of the "facts" *that are throw around are also simply not true.
In reality, the upper 20 percent (wealth wise) control one third of the
wealth, not the ridiculous numbers perpertuated by some, like "the upper 1%
controls 80% of the nation's wealth".


the INCREASE in the amount of wealth held by the richest 1% over the
past 20 years in the US was incredible. hogs at the trough. now they
want the middle class to make up the difference they just lost in the
bonfire they made of the economy.