Who really pays?

Gordon has covered this topic many times, but it's worth repeating. It takes a long time for truth to get into thick heads.

"It's a matter of faith for some that tax cuts and government spending help the rich, while leaving crumbs for the poor. But as with most conventional wisdom, nothing could be further from the truth.

Now here's the reality: The rich are being taxed at ever-higher levels, while more workers at the bottom of the income ladder are paying no taxes at all. As for spending, resources flowing to those at the bottom far outstrip those flowing to those at the top."

INVESTOR'S BUSINESS DAILY: Who Really Pays?