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Friday, June 22, 2012

welfare for the wealthy

When conservatives rail against redistribution, it’s important to understand what they mean by the term. It’s not that they are opposed to removing resources from one sector of the economy and moving them to another, but that they’re opposed to taxing funds from rich people, and directing them toward the poor. If you go from the other direction, taxing money from ordinary Americans and giving it to the rich, then there isn’t a problem.
To wit, the budget of GOP wunderkind Paul Ryan—which calls for big tax cuts, small deductions, and severe spending cuts—would raise middle-class taxes, and give a huge break to the wealthiest Americans. The Washington Post reports:

http://prospect.org/article/welfare-wealthy