Obama's tax plan in comparison with McCain's tax plan.

The Obama tax plan would make the tax system progressive by providing tax breaks to those at the bottom of the income scale and raising taxes on upper-income earners ( above $250,000). McCain's plan would make the system more regressive by providing little tax relief to those at the bottom while giving huge tax cuts to households at the very top.

McCain used to opposed the Bush tax cut for the wealthy, he has flip-flopped on the issue, and is now in favor of making it permanent.

The conservative economists claim that measures such as the Bush tax cut stimulate the economy. This position is only valid if you believe in an economical " trickle down effect" of the wealth coming from the top to the bottom.

The systemic problem that we have right now ( a clear example is the Fannie & Freddie bailout by the Feds) is to have an hybrid economic model: Full blown capitalism for the good time ( huge profit for the very few) and socialism in bad times (losses shared by everyone). There is no fairness in this, it is completely illogical, and is collapsing in front of us.

read more digg story