Archive for August 20th, 2011

World of Class Warfare

This is perhaps the best Jon Stewart segment ever — or at least in a long time:—warren-buffett-vs–wealthy-conservatives

and especially part 2:—the-poor-s-free-ride-is-over

It demolishes the argument that slightly increasing the tax on the wealthy is class warfare, or the whining that “half the population” doesn’t pay any taxes.   (As Stewart points out, the bottom 50% of the population control only 2.5% of the wealth in the country).    This is classic, and it has punch.   It amazes me how many people are fooled by the argument that somehow the wealthy are being demonized (the Fox line on what asking for slightly higher tax rates is doing).   Middle and working class people are being manipulated into defending the wealthy.

I think that’s going to change.   The one quibble I have with Stewart is that he uses pre-tax and transfer GINI index numbers.  The post-tax and transfer numbers are even more powerful.   Enjoy the clip!   (And take it seriously — small tax increases on the wealthy are not in contradiction to true conservative principles).