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<blockquote data-quote="bacha29" data-source="post: 2250482" data-attributes="member: 58386"><p>You are right. 94% of the Bush tax cuts went to the wealthiest 3% of the population. It is one of the reasons why the idea of repatriation of off shore money back to the U.S. at a discounted tax rate never went very far is the fact that very little of it would get back into the economy. A recent Time magazine article pointed to the fact that of all new money raised by Wall Street investment bankers only about 15% actually gets into the U.S. economy. Clearly the nation's love affair with the 1% is not only over but they are becoming a target of the American people's contempt.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2250482, member: 58386"] You are right. 94% of the Bush tax cuts went to the wealthiest 3% of the population. It is one of the reasons why the idea of repatriation of off shore money back to the U.S. at a discounted tax rate never went very far is the fact that very little of it would get back into the economy. A recent Time magazine article pointed to the fact that of all new money raised by Wall Street investment bankers only about 15% actually gets into the U.S. economy. Clearly the nation's love affair with the 1% is not only over but they are becoming a target of the American people's contempt. [/QUOTE]
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