Letter: Middle moving more to the lower
Saturday, August 18, 2012
According to calculations from the Tax Policy Center, tax breaks starting in 2001 have cost the U.S. $1.03 trillion, and $708 billion of that went to the top 1 percent alone. Two billion lost by JP Morgan was bad business, oversights, a mistake, blah, blah. But who's counting? Heck, we can call the loss from the 1 percent a cool trillion then. Who's counting?
I won't remind anyone again about the two wars ($3.7 trillion so far).
So, about $4.7 trillion has been "reallocated" for things other than that terrible public sector, which could have led to safer roads and bridges, better firefighting (including forest and range fires), more crime fighting, better educating our children in K-12, and enabling the middle class to send its kids to college more easily.
Oh, but then there are the poor people whom some politicians say are not poor at all, just part of the middle class. Hmmm.
Thank goodness the "safety net" works for that segment of the middle class.
Then again, their children really don't need lunch programs or even those silly food stamps, do they? Now, there's savings.