Tornado Alley (PROG)

[n4807g]

"The figure I continue to obsess over is that 1% of the population controls 95% of the country's wealth"

where do you get this number?

From memory I believe the figure from 2006 is the top ten percent control 70% of "wealth" in the USA.

Dejected? I'm just pointing out the obvious. Taxes are generally applied to income, dividends and capital gains. To my knowledge the only true "wealth" tax we have is inheritance tax.

I believe virtually every economist who has looked at current policy has said taxes will increase for the "wealthy" and indeed for those making less then the $250,000 threshold; the imaginary line between the wealthy and the middle class.

No doubt taxes of all kinds will be going up. Certainly higher income earners will pay a greater portion.