In response to:

The Tax-The-Rich Fairy Tale

Michael160 Wrote: Dec 12, 2012 8:08 PM
According to the Wall Street Journal, "the top 1% held 34.6% of all national wealth in 2007. By Dec. 31, 2009, they held 35.6%.Meanwhile, share of national wealth held by the bottom 90% fell to 25% from 27%." http://blogs.wsj.com/wealth/2010/04/30/top-1-increased-their-share-of-wealth-in-financial-crisis/ So, who should bear an increased tax burden?
Brian953 Wrote: Dec 13, 2012 2:20 PM
Do ya think the holdings of the bottom 90% might have dropped because many who had been almost out of that realm finally improved their lot in life, leaving that bottom 90% to be made up of a higher proportion of the desperately poor?

NO ONE SHOULD BEAR AN INCREASED TAX BURDEN! ! !
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THE PLUTOCRATS IN DC NEED TO STOP SPENDING SO MUCH ! !
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A version of this column appeared originally in THE DAILY BEAST.

The Obama administration and its allies are so eager to portray tax hikes on the rich as the solution to all our problems that they desperately desire to persuade the public that tax cuts for the rich caused all those problems in the first place.

Perhaps the most outrageous expression of this argument comes in a controversial new video from the California Federation of Teachers called “TAX THE RICH: AN ANIMATED FAIRY TALE.”

This eight-minute piece of puerile propaganda features the warm and winning voice of the 83-year-old...