Kevin Drum writes The Truth About the Trust Fund. I didn't know this...
"Back in 1983, we made a deal. The deal was this: for 30 years poor people would overpay their taxes, building up the trust fund and helping lower the taxes of the rich. For the next 30 years, rich people would overpay their taxes, drawing down the trust fund and helping lower the taxes of the poor. Well, the first 30 years are about up. And now the rich are complaining about the deal that Alan Greenspan cut back in 1983."
1 comment:
As is the case with Fidel Castro's favorite color, no one but Kevin Drum knows about this deal. So he made it up or had an ipifany.
See Coyote Blog.
http://tinyurl.com/2ehr9bw
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