What do you think most wealthy people do with the money they save from tax breaks?
Keeping our eye on the ball we see that:
* From 2001 through 2005, the best-off one percent will receive “only” 19.8 percent of the Bush tax cuts.
* From 2006 through 2009, the share of the tax cuts going to the very rich jumps to 41 percent of the total.
* By 2010, when all of the provisions of the bill—including complete repeal of the estate tax on extremely large estates—are scheduled to be fully in place, 51.8 percent of the tax cuts are targeted to the top one percent.
Those numbers aside, what do you think the majority of the wealthy do with all their money?
a) Use it to open businesses and create jobs paying people a living wage.
b) Stow it away in Swiss bank accounts, invest in property and in expensive luxury items made in other countries that do very little to help the American economy.
2006-12-28
06:39:00
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16 answers
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asked by
Ryan
3