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There is a multi billionaire
...on Night Line as I am typing this. He is against Bush's tax cuts. One reason is he said that he pays 3% in taxes while his receptionist pays the top rate in taxes and this tax cut will benefit him to the tune of millions and will help her little if any. Bottom line is he believes in graduated taxes but gradutated from the bottom up and also believes in a fair tax system but claims that the current system is not fair and the rich benefit not the lesser ones on the totem pole. He said the tax cuts should go to those that will spend it and that will give a boost to the economy and not to the rich which he said they will not spend it but will simply invest it. I think I understood him to say that he will get $310 million from the tax cut but said that he will invest it and not spend it so it will not help the economy.
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