Greg Sargent: Obama’s Proposed Tax Hikes Would Barely Touch The Really Rich

Sargent, on his WaPo blog The Plum Line, shows, using charts from the Tax Policy Center, that after-tax income of various income groups of Americans, almost any way you choose to measure it, would not change substantially under Obama’s proposal. Indeed, income inequality would change hardly at all.

Hey, did you really expect anything else?

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  • MandT  On Monday October 3, 2011 at 6:53 pm

    It is not surprising that the haute bourgeois Democrats with private wealth are on the Obot train. These folks, while spouting progressive ideals, have virtually no idea of the realities of working Americans and would abandon establishment Demos in a nano second if they though their privileges were challenged.

    • Steve  On Monday October 3, 2011 at 10:49 pm

      “Haute bourgeois” … what a wonderful description of those people, MandT!

      It occurred to me to wonder whether Warren Buffett had privately made the same calculation and reckoned that what Obama proposed was nothing he couldn’t easily afford without twitching an eyebrow.

      BTW, several days back on cartoonist Jeff Danziger’s site… see blogroll… look for the cartoon on the “Buffet Tax” [sic].

  • MandT  On Tuesday October 4, 2011 at 5:40 pm

    You got Buffett down exactly, and OBTW, Buffett began to heavily invest in rails recently,

    • Steve  On Tuesday October 4, 2011 at 10:17 pm

      MandT, wealth notwithstanding, Buffett and Obama are two of a kind. Both can certainly talk the talk, knowing that the walk is something they’ll never, either of them, have to walk.

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