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.

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