Friday, November 17, 2006

Speaking of Poverty

From the Daily Kos Blog...

As Jim Webb pointed out in his hard-hitting op-ed in the Wall Street Journal yesterday, it's pretty clear where the money is coming from: The top 1% now takes in an astounding 16% of national income, up from 8% in 1980. The tax codes protect them, just as they protect corporate America, through a vast system of loopholes. John Edwards, in his criticism of GOP policies that reward wealth over work, has been making the same point consistently: The middle and working classes of this country are carrying a disproportionate amount of the tax burden, showing up for work and picking up the tab for funding this country while the wealthy move money around in accounts, take tax breaks and call it a day.

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