The Occasional Observer

I was (almost) encouraged by some headlines I saw in the NYT.

The first one is Top 1% Paid More in Federal Income Taxes Than Bottom 95% in ‘07. But alas, instead of pointing out why this is the reason the rich benefit from tax cuts or why you don't want to overtax the rich and cause them to leave with their money, leaving everyone else to pay their share, the article was about how the richest had the best income growth.

The second one It May Be Outrageous, but Wall Street Pay Didn’t Cause This Crisis. Even closer, but no cigar.

And the third, Profit Dropped 66% at Exxon Mobil, doesn't even mention the windfall profit bill.

sigh