Quote:The disparity between the "haves" and the "have-nots" has been growing, and it did grow under the Bush Administration, but the point is, it accelerated under the Obama Administration.

 

Consider this.  My income has been pretty steady between 2008 and now, despite changing jobs a couple of times (I am a Government Contractor, so my income depends on which contract I am working on).  I have received periodic cost-of-living raises during that period.  However, my income tax burden has increased in that period.  During that period and thanks to Obamacare, I had to purchase a "compliant policy" rather than what I had in order to avoid being penalized.  That has led to a reduction in my effective take home pay.  Health insurance policies aren't cheap, and because of my income I don't qualify for any subsidies.

 

The strategy of the right includes cutting taxes for people like me, what you call "rich".  If you look at the chart that I linked to in the first post, I am not far from being in the upper 20% of income earners.  As I said before though, I am far from what I would consider "rich" when it comes to income or money.

 

Who's calling top 20% rich?  My wife and are lower middle class (probably less considering we have 5 children). It's the Top 1% that's rich (people making $430,000/year or more)

 

My wife and I make a decent amount of money.  Probably would be considered lower middle class.  We're not so great at saving money though, because we have five children.   I think Fair Tax sounds like an okay idea, but I'm not sure about the execution.  It would certainly affect spending habits, which in turn would affect the rate of Fair Tax.  Of course for me, I used the fair tax calculator and found that my wife and I would be paying FAR more in taxes than we are now.  I'm sure it'd save some people money, though I wonder just how much.  

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