See, I don't agree with the tax cuts as they were implemented. I don't think they went far enough, nor was it done the right way. The Forbes 400 list paying 17% was happening before those tax cuts too.
I would restructure the cuts. Leave the middle class completely alone, as they are the consumer that can tell the corporation he should start investing some more money to create jobs in order to meet demand.
Somehow the tax structure on people making a certain amount of money needs to be reworked. Not to necessarily tax them MORE, but just to make sure they pay an equal amount of taxes percentage wise as the people who make $60,000/year, which by some accounts is good money.
Outside of that I think there is an obvious problem with the banking system, and the way the financial system works. A lot of smarter people have mentioned these apparent flaws, and like everything else American, it seems the US government is too arrogant to actually look at other banking systems, like Canada, where it was relatively stable during the worst years of the recession.
But, Obama and his administration, along with Bush and his adminstration which basically includes all Republicans and Democrats gave these 'bankers' billions for their screwups, so I doubt any GOOD regulation that FIXES things is coming anytime soon.
I wouldn't be surprised if the US struggles beyond 2012 to fix their economy.
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