Wednesday, October 22, 2008

Wealth is already being redistributed - to the wealthy

John McCain and Sarah Palin are still at it, harping on Barack Obama for wanting to "spread the wealth around."

The fact is that money earned from actual work is taxed at far higher rates than money made from interest, capital gains, inheritances or corporate dividends. The higher tax rates paid by people who make their living by working are the main reason why the rich keep getting richer, while the rest of us struggle to keep up.

Our current tax structure is sickeningly unfair. Rolling back Bush's tax cuts to the wealthy will help level the playing field, and will return the deficit to where it was before he took office.