Tuesday, June 15, 2004  Bush's Tax Cuts Are Working!  Well, that
is if you have over $1 million in assets (not including your
house). In an article in this morning's Wall Street Journal
(subscription), they state that the number of millionaires in
the US jumped by over 17% in 2003.  However, even the WSJ sees
problems:  ...the gap between the very rich and the rest of the
population probably won't close -- and could widen in coming
years. While the ultra-wealthy are prospering, average real
wages in the U.S. haven't kept pace. Real estate, which makes up
a far bigger share of wealth for middle-class households, could
take a hit with rising interest rates. President Bush's tax-cut
programs disproportionately benefit those at the top of the
wealth pyramid. BushCo.: Taking care of those who take care of
them. Screw everyone else.  No comments: