A U.S. News & World Report blogger went to the Democratic National Convention in Denver and conducted an informal poll of 24 DNC delegates. He asked them, "What should 'the rich' pay in income taxes?" Half the respondents said "25 percent"; 25 percent said "20 percent"; 12 percent said "30 percent"; and another 12 percent said "35 percent." The average DNC delegate wanted the rich to pay 25.6 percent, which is lower than what the rich pay now -- both by share of taxes and by tax rate!It just goes to show that for the most part, people are stupid. I'm not just talking about Democratic people, either. And perhaps I should say "uninformed" rather than "stupid." For example, I wonder who people picture when they think of "the rich"? As Elder points out, to be in the top five percent, you only need to make more than $153,542. That's a lot, but I'll bet when you think of "the rich" you think of a lot more wealth than that.
One last thought...I found it interesting that Obama and Biden, who try to pass themselves off as men of the people, donated a much smaller percentage of their incomes than those greedy Republicans President and Mrs. Bush. Only $3,700 in charitable donations over 10 years, Senator Biden? Say it ain't so, Joe.