Re: Beer and taxes
Bush gave the refund to the poor because he knew they would spend it and stimulate the economy--unlike the money he gave to the rich who invested it in hedge funds that speculated on oil and derivatives.
The mortgage meltdown was caused by unscrupulous mortgage brokers that had no stake in the security of the mortgage. They lied about incomes to qualify people, lied to people or didn't tell then about the fact that the teaser rates used to qualify them would increase from 4 to 5 % in a couple years and then from 5 to 6% in a couple more. These brokers didn't care because they were just bundling the mortgages and selling them for use in derivatives. I know-- My neighbor is a real estate agent that deals only in foreclosed homes.
The real strength of this country has always been the middle class--a middle class that is shrinking and struggling while the rich keep getting richer. And you think they should pay half the tax rate that I do!
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