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Friday, July 21, 2006

51 - Super-Rich REDUCE Charitable Giving As Their Wealth Increases / Karl Rove, Champion Of Social Justice?

As the incomes of the super wealthy have gone way up, and their taxes have gone way down, they've decided to become less generous in their charitable giving. Of course, that's the exact opposite of what right-wingers said would happen.

Next we'll consider the possibility: Karl Rove, champion of social justice. Or so he seems to claim. Hint: Teddy Roosevelt will have something to say on this subject.

Jack Clark 11:42 PM [+]
Post #115345677872301995


Comments:  This section is for listeners. To receive a reply from Jack Clark, you should call the comment line.






Interesting podcast. Are you reading from a script? Or is it just me? If it's just me, I apologize.

From your podcast, I decided to do some research, and the best place to look for tax data is the IRS.

Please take a look:
http://www.irs.gov/pub/irs-soi/03in05tr.xls

According to the IRS data, the top 50% of taxpayers account for over 96% of all income tax, and the top 1% pay for over 34%. Do you think the government should tax the top 50% even more? I'll have to think more about this topic, but at the moment your opinion seems skewed.

If you want to be fair, there should be a flat tax. If you don't want to be fair...
posted by Anonymous David  2:22 PM   [+]
 
This comment has been removed by a blog administrator.
posted by Blogger mitchell hurricane  3:58 PM   [+]
 
I think the top 10% should definitely pay more taxes. Why shouldn't the corparitist that make their fortunes by exploiting American workers have to pay more? If they want to reduce their taxes they could always offer their employees a working wage. If most Americans spend the entirity of the earnings on housing, food and clothing they are esentially slaves to the business they work for.
posted by Blogger mitchell hurricane  4:02 PM   [+]
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