The Redistribution Towards the Wealthy of Course
Assuming Businessweek magazine does not have a sense of humor or irony, these charts and the accompanying commentary talks about redistribution and progressive taxes.
Of course, they get the concept of progressive taxes wrong, it is not who pay for government, it is effective tax rates and thanks to loopholes and special treatment, the
U. S. tax system is not very
progressive. And as for the fact that
government spends money on low income benefits, well good grief, of course it
does, that’s its mission. Duh!
As for ‘redistribution’, as the chart notes the redistribution that has taken place in the last several decades is towards the wealthy. Nice going folks.