“There was a statistic that came out this week from the Congressional Budget Office which was just stunning to me. It said that in the last two years—from 2003 to 2005—the increase in income for the top one percent exceeded the total income of the bottom 20 percent. Given that, what would be wrong with letting the tax cuts for the top one percent expire and plowing that money into education?” —ABC’s George Stephanopoulos
An old man once told me that the income tax wasn't about what the government takes from you, it's about what the government leaves in your pocket. "It's all their money, now," he said.
Isn't that Mr. Stephanopoulos' attitude in the above as he advocates billions more go down a rabbit hole?
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