>> the second point is, why does
the elite want to do this?
i can give you a fairly simple
answer to this question but i
think it's very important.
this is something i was trying
to puzzle out in writing "the
people's pension," is why is
their point of view changed so
much?
well, the reality of the last 35
years of politics in this
country is that the 1% if you
want to call them that have
managed to create a very, very
favorable tax persuasion for
themselves in this country,
capital gains taxes have been
lowered drastically.
income taxes, the top margins
have been lowered.
corporate taxes are so full of
holes, to say we have a
corporate tax isn't even reality
for a lot of large companies.
this is something that started
under the carter administration,
not the reagan administration.
its continued off and on for 35
years your and the 1% has become
very accustomed to this
favorable tax situation that
they have for themselves and
their overriding concerns,
overwriting everything else,...