It's Still The Economy Stupid Has Some Recent Group Blogging

On the tax giveaway for the rich. Angry Bear notes the absurd tax table in the New York Times.

Someone should do a correct tax table by bottom fifth, middle, upper middle, top 5% and top 1%, but of course this tax plan is skewed to the top 0.01% of tax payers. Earlier Angry Bear had noted the Wall Street Journal story, (they have good reporters, ignore their insane and rabid editorial pages) -

"...a rich investor might, for instance, borrow money and deduct interest payments...then use the money to buy shares of stock on which he would earn a tax-free dividend paid from profits that have never been taxed. Bottom line: The profits are never taxed, not even once, and the economy gets no new capital or savings because the investor borrows the money that he used to buy the shares."