Income redistributed to the wealthy?
Wake up Mags. It's been going on for 30 years.
That's is not what income tax does - in fact, it does the opposite due to the much higher tax rates as income increases.
You believe that wealth redistribution begins and ends with income tax? I guess I'm not surprised.
Money earned by individuals is the that person's money. THEN the government taxes to redistribute the money.
And redistribute they do. Right back to the corporations and corporatists they're beholding to. Wall Street bailouts, defense contracts to the military industrial complex, no-bid contracts to Halliburton, KBR & Blackwater, tax subsidies to Big Oil, Big Mining, Big Insurance, Big Pharma. The list goes on and on. No-interest loans from the Fed to the financial elite who turn around and use them to buy Treasury Bonds paying 3% interest (creating more personal wealth on the backs of taxpayers). They've been at this game for 200 years and their bets are hedged. But it's Casino Capitalism and it will fail again. Just like it did 3 years ago. You can take THAT to the bank, Mags.
I understand though - I was even a democrat when I was in college (as many are). And when I started working for a living, I became a Republican. It's great to get free stuff when you aren't working or don't want to work. Once you do, and work hard to make something of yourself, you don't want the government to steal your hard working wages.
Don't confuse yourself, Mags. Greed is a manifestation of insecurity, not ambition. I voted Republican twice, but I was young and like many Republicans, self-consumed. Then I matured and opened my eyes to the world around me. That's when I became a liberal, not a Democrat.
Trench, which are you? Probably a professional student living off daddy's tuition payments, or worse yet, living off grants that hardworking tax payers are paying for.
I come from an Irish Catholic blue collar family, put myself through school and paid off my school loans within 10 years. Can you say the same?