The truth about wealth redistribution

Luddly Neddite

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Sep 14, 2011
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Harold Meyerson: The party that truly believes in redistribution - The Washington Post

The most obvious way that Republicans have robbed from the middle to give to the rich has been the changes they wrought in the tax code — reducing income taxes for the wealthy in the Reagan and George W. Bush tax cuts, and cutting the tax rate on capital gains to less than half the rate on the top income of upper-middle-class employees.

The less widely understood way that Republicans have helped redistribute wealth to the already wealthy is by changing the rules. Markets don’t function without rules, and the rules that Republican policymakers have made since Ronald Reagan became president have consistently depressed the share of the nation’s income that the middle class can claim.

rw pretzels need not click on link because they already know what fux/lushbo/dredge told them.
 

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