Flow of Wealth

Most countries try to go easier with taxes on those who have less. In contrast, Americans believe taxes should be used to transfer wealth from the poor to the super rich to reward them for being rich and to stimulate them to consider creating jobs. The wealthy are rewarded for being rich enough to create jobs not for actually creating them. The rich enjoy all manner of tax loopholes. For example, those with mortgages (even multimillion dollar mortgages) get to deduct them. Those who rent, who can’t afford to buy a home, get no corresponding housing deduction.

~ Roedy (1948-02-04 age:70)