The Patricians, Part VI

The next section of the Rich People For Higher Taxes ad may be the most cynical of the bunch:

And we believe in raising the money fairly. It's wrong that middle-class families papy a bigger proportion of their income in state and local taxes than upper-income families.

Unstated: none of that will change if the patricians who signed this ad get their way. Because their "income" - wages paid for a day's work - is largely a small part of their cash flow.

They are mostly wealthy. They are mostly very-well-connected politically (the blogswarm will show you to whom). And they mostly employ accountants. So they mostly don't earn their income from "income". They have tax shelters, they earn money through investments, and if you jack their income tax up to the levels they claim to want, their incomes will still be largely sheltered.

But yours and mine, fellow middle-class Minnesotans, will not.

Posted by Mitch at July 3, 2006 05:00 AM | TrackBack