Quote:
Originally posted by turbo6bar
Naturally, since you can't squeeze the poor for taxes, and the rich can defer income or rely on favorably-taxed assets, the government must stick it to the middle class.
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Good synopsis, but I'd like to add that in order to preserve their class status, the rich must push the rest further down the ladder. This ensures a ready supply of cheap labor, and if the middle-class were to get too 'uppity' they would find themselves competing against them for tax shelter. At the same time, they need to make them think they're rich, so they can be counted on for political support. Sounds twisted, but that's the way it is. One of the rags did a survey which found that 20% of the people thought they were in the top 5% in terms of wealth.