This is not about giving wealthy people more money to invest back into the economy. At this level, it's really about giving more money to those who have nothing to do with it except amass enormous estates for their heirs. Fixing the problem will require members of Congress to summon the courage to say no to a president who wants more for the richest of the rich at the expense of everyone else. We're not holding our breath.It's interesting that the Times thinks the state owns allow your income and should decide how much you should keep or give away.No word,still,on whether the Sulzberger family will dissolve those complicated trusts so their heirs will not inherit so much money.New York Times
Tuesday, June 07, 2005
The NYT on tax cuts for the rich
The NYT editorial today against the tax cuts for the rich is noteworthy because now the Times is beginning to have compassion for those who make between $100K and $200k.The Times sets its sight on the super-rich: