Mrcauser’s Weblog

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Soak the rich?…..

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Soak Hell! Take all their money so we can quit bitching about it.

Oops. Didn’t make a bit of difference? We’re even more fucked!!

Duh!!!!

The Downfall of the American Consumer by Bill Bonner

Who pays?

Ah…that’s an interesting subject in itself. Obama says he’s going to soak the rich. But the rich are already pretty well marinated. Reagan’s tax cuts freed them to earn more money – and pay more taxes. Now, the top 5% pays 60% of the costs of government. The bottom 40% pay no taxes at all. They get all government “services”…which is to say their boondoggles…for free.

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Written by mrcauser

March 8, 2009 at 9:09 pm

Posted in Uncategorized

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