Tag Archives: taxes

The Daily Roundup

14 Apr

Members of the Tea Party are wealthier and more educated than the general public, a new survey released by The New York Times and CBS News states.

From The Times:

In some ways, Tea Party supporters look like the general public. For instance, despite their allusions to Revolutionary War-era tax protesters, most describe the amount they paid in taxes this year as “fair.” Most send their children to public schools, do not think Sarah Palin is qualified to be president, and, despite their push for smaller government, think that Social Security andMedicare are worth the cost. They are actually more likely than the general public to have returned their census forms, despite some conservative leaders urging a boycott.

Their fierce animosity toward Washington, and the president in particular, is rooted in deep pessimism about the direction of the country and the conviction that the policies of the Obama administration are disproportionately directed at helping the poor rather than the middle class or the rich.

The Library of Congress will archive every tweet ever made, ever. More from the Library of Congress here.

The statistic that 47 percent of all American households don’t pay income tax has been swirling around recently as justification that Obama/government policies are designed to take from the rich to give to the poor.

Naturally, this argument is silliness. America has greater income inequality than most western nations. A very small number of people control a very large portion of the wealth. The majority of the tax burden is shouldered by wealthy Americans, it’s not exactly breaking news.

Economic columnist David Leonhardt picks apart the statistic and the claims surrounding it here, pointing out how tax rates have actually FALLEN for wealthy Americans, even as our debt has grown.

Jon Stewart on The Daily Show provides a more humorous take-down of the media’s presentation of the information here.

The New York Times and The Wall Street Journal are getting ready for an old-fashioned newspaper throwdown. Should be fun.

Starbucks has a tool to help you calculate the environmental impact of your coffee consumption.

That’s The Daily Roundup. Have a great evening.