Capital gains takes are much lower than personal income tax, shifting the tax burden to the middle and lower classes.
Corporations are subsidized. Bankruptcy protections for when the wealthy make errors are paid for by the public.
Wars are waged by the wealthy for economic reasons and paid for by the public in life and treasure.
Bank failures resulting from speculation by the wealthy are paid for by the general public.
It seems, if you take a step back, that the rich enjoy a sort of Socialism here in America, where blunders are cleaned up through taxation of the general public. The result of this is social support for wealth.
Do you agree and if so isn't it ironic that wealthy Republicans love to paint others as liberals with Socialist or even Communist leanings?
2007-01-06
07:33:33
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5 answers
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asked by
Murphy
3
in
Economics