As Krugman points out, not only are they rich, they whine that they're not richer:
Digby finds another hard-working, wealth-creating salt of the earth type complaining about the possibility of higher taxes: Ben Stein. I think I need a
Digby finds another hard-working, wealth-creating salt of the earth type complaining about the possibility of higher taxes: Ben Stein. I think I need a drink.
But being the nerd I am, this is what caught my eye in the Stein rant:
I worked for almost every dollar I have, except for a small percentage my parents left me by virtue of hard work and Spartan living, and most of that was taken by the federal estate tax.
OK, the late, great — and I mean that — Herbert Stein died in 1999. At that time the first $650,000 of an estate was tax-free — $1.3 million for a couple, provided it did what CBO calls “minimally competent estate planning” — with a 55% tax on the amount above that.
So either Ben Stein inherited several million dollars — which, although this may be news to him, is not the experience of most Americans — or he’s just making stuff up.
Guest Post by Jim Messina, Campaign Manager, Obama for America
For this video, we asked people to compare Mitt Romney's real positions with the ones he's claimed to support in the final weeks of the campaign.
We know Mitt Romney will say Read more...
President Obama appeared in Florida Tuesday to make the case for the “Buffett Rule,” a policy he introduced in this year’s State of the Union address. The rule would institute a minimum federal income tax of 30 percent for Americans who make more than $1 million a year. Read more...
Congressional Republicans will try anything to keep tax breaks for the top 2% - even threatening to increase taxes for the middle class if they don't get their way. That's why MoveOn member Steve brings us this potent message: Republicans, Read more...
Bruce Bartlett on Where the Right Went Wrong from BillMoyers.com on Vimeo.
Bill Moyers talks with conservative economist Bruce Bartlett, who wrote "the bible" for the Reagan Revolution, worked on domestic policy for the Reagan White House, Read more...