Could be 2 things, in my opinion. Take from those that have worked hard to get out of the lowest 2 classes and are living a comfertable, but not high life style, and use them dollars to improve the lifestyle of those that refuse to work hard or educate them selves to get out of the lowest 2 classes.
It may also mean, but I doubt it, that there will be some reassesment of tax obligations. Which I think would be a very high tax on very rich people that spend on a weeknight out what a low income person makes in a year. Lower income taxes on the middle class that have a net income of $30,000-$150,000 so they can spend more as consumers and also be able to save for retirement still live a modest life. Child support recieved would be taxed as income, child support payed would be deductable from earned income. Any welfare program income would have some tax % payable.
But then it could also be take from any one that has worked hard but isnt super rich and give it to those that refuse to improve their life. It may also be a way of reparation" or what ever it is that a few people are thinking will happen if we ever get a minority President. Hard to say. Would I like to get 2% of Warren Buffets or The Hiltons money, maybe, but I do know I wouldnt want my savings being dipped into to "spread" to people that refuse to earn a living. Dang, and i wanted to stay on topic today!
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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