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Old 06-19-2009, 11:46 PM   #11 (permalink)
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Join Date: Dec 2003
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Quote:
Originally Posted by sleepy jack View Post
I don't really know what you're talking about here. The top percentage of the population received a tax cut that was over forty times that of people in the middle of the income scale and under those tax cuts they received a larger share of after-tax income, whereas again, the people below them received a a much smaller share then they would have without the tax cuts. Not to mention the top 2% of the population also controls over 90% of the wealth as well so treating it like they aren't seeing the benefits of the taxation (and only they are really) is sort of silly. Meanwhile over the past eight years the middle class shrunk and began to slip below poverty line. The correlation isn't that hard to see.
You stated the middle class was shifted the burden. How when they pay less that 10% of the taxes are they shifted the burden? Of course if you use straight dollar amounts the percentages of any tax cut will favor those who pay more taxes. Your grasp on the economics behind this don't appear to be very strong.
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