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Old 03-23-2012, 02:08 PM
1centaur 1centaur is offline
Carbon-loving lifeform
 
Join Date: Nov 2004
Location: Northeastern Massachusetts
Posts: 3,996
This is too long and detailed for most to bother, but a few of you will enjoy it (I found it fascinating and it rings true on the numbers, even if the asides are not all on target). The upshot is that it's difficult not to worry about your economic future unless you are beyond the 99th percentile of wealth in the US. I presume even reasonable people not given detailed information would think the top 5% in net worth are rich and thus deserve more taxation, possibly including a wealth tax. The disconnect between the image of Palm Beach lounging and 60-year- olds who have worked and saved their entire lives to retire with $2 million in net worth is quite stark and largely unappreciated except by those in the cross hairs. In fact, a growing factor in the definition of rich has to be the ability to afford significant additional government extraction of savings from one's accounts based on that very disconnect.

http://www2.ucsc.edu/whorulesamerica...t_manager.html
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