Day: September 20, 2011

Throw Another Rich Person on the Fire

President Obama yesterday unveiled what he called his deficit reduction plan. Part of it was the usual smoke and mirrors—a supposed one trillion saved by pulling out of Iraq and Afghanistan. Another one and a half trillion is supposed to be reduced by taxing the rich. Here we go again. The mantra that never seems to end is that the rich aren’t paying their fair share. Never mind that the top 10% of earners pay about 70% of all income… Read more »