You keep saying this. What does it mean? And for the record, just what is rich, and also what percentage of total income should the rich pay?
Ok, I'm not near as liberal as most of my liberal counterparts fiscally, and I am not saying taxation will solve the debt problem. I'm saying spending cuts (medicare/medicaid/social security/defense), tax increases on the top 1%, and the elimination of the DEA, together will put us on the right path. As far as I'm concerned Rich is anyone making multi-millions yearly. I don't think 250,000 or even 1 mil a year is rich, the dollar just isn't what it used to be. And on the backs of the middle class means just what it sounds like. People get rich off the working middle class who hasn't seen a raise in wages in years, along with the fact that prices of everything continue to rise, yet wages do not. If low taxes lead to a stronger middle class, then why is the middle class suffering so bad with the lowest taxes we have seen in 50 years?
How do they get rich off the middle class? You do realize the vast majority of wealth growth comes from the growth of investment? What back breaking work does the middle class have to cause stock or bond prices to rise?
I don't think they are and I do consider myself in the middle. I'm certainly not in the "rich" group. However if my taxes go up (and make no mistake they will) then it will be really tough. If you have less money you spend less money. Its not difficult math.
My apologies to the one and only cajun sensationn as he was in fact the one that posted the article. Mr Moustache just did the cut/paste so that I didn't have to open another link on my outdated blackberry.