Why should Mitt Romney and the fabled “one-percent” pay only a 15% marginal tax on investment income ... half the rate charged to a dentist or auto mechanic on wages earned from work? This was not the case until recent Republican Congresses slashed taxes on passive, unearned dividends and capital gains.
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Posted by
Giulio Prisco on 02/08 at 12:45 PM
Re “It is the middle class who should get whatever tax benefits can be doled out. They’ll use it to make small startups. They’ll use it to educate bright, competitive kids. They’ll spend it!”
David is a great science fiction writer, and this is a great science fictional universe. But here in the real universe the rich, with the complicity of the administration’s bureaucracy, take all the money from the real economy of the middle class and put it back in their virtual ponzonomy.
Posted by
Peter Wicks on 02/08 at 03:01 PM
@Giulio Not so much a science fictional universe as something that has actually happened, at times, however fleetingly, in actual societies, and _always_ accompanies by some kind of “administration” that secures the conditions for innovation. Outside a few city states (and even they had their governments), this has never happened without a supportive bureaucracy.
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