Upper Class Welfare

The rich really should fear class warfare, and the more the middle class disappears, the more likely it is there wll be one, and it won't involve tax cuts for anyone.

Bear Left!: Upper Class Welfare:

"The rich are different than you and me: they get the government to do their bidding. The latest tax cut proposals in the United States House and Senate demonstrate just how different they are. In the face of rising unemployment, a stagnant economy, and fiscal crises in dozens of states, the Republican Party has devised tax cut plans that show its true colors. The centerpieces of its plans will do next to nothing to help the economy, but will amply reward the investor class, Americans who live off their investments, to the detriment of anyone who has to work for a living. Radical tax cuts on dividend income are well nigh useless for their stated purposes, boosting the economy or creating jobs, but they serve the real purposes of the Republican party very well.

The vast majority of Democratic legislators have stubbornly resisted the worst of Republican proposals. President Bush has given up on his original $750 billion tax cut, thanks to a consistent Democratic party line in the Senate. But even a fully united Democratic Party needs at least two Republican votes to be assured of a majority, so the tax cut plans now under consideration are designed to appeal to the most moderate of Republicans, those who want merely a huge tax cut instead of a massive one."