The other Awards Obama will will this year...
#34
Quote:Now you are confusing the rich with people who work for a living.

The 10% mark is income over $113,018. Even the 5% mark at $160,041 is hardly wealthy if you live in a more cosmopolitan city. It seems pretty much upper middle class to me.
Anyone who makes well over 100,000 dollars is at the very least on the high end of "middle class". Anyone making well over 400,000 dollars is "rich" - and that's *forty percent* of the income tax base.

So, yes. Taking from the "upper middle class" - to some extent - and from the "earning rich" to a much larger extent. Getting money out of people who no longer need to work for a living is tougher, but by no means impossible - just look at the distribution of the capital gains tax. And if someone is simply eating their wealth, making no money but merely consuming, then their money will end up in the hands of others soon enough in any case.

If that's supposed to dissuade Eppie from his position by showing him that it's not really helping the distributional curve, I'm not sure it's going to do the job.

-Jester
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The other Awards Obama will will this year... - by Jester - 10-16-2009, 03:23 AM

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