Taxes and Manipulation by the Media

The old and retired Pimpernel is still following the news; however, now I will have a little more time. For the past few years I have been following the financial newspapers and watching how they spin things to benefit their master, the moneyed interests. Financial publications know that the average American and most of the middle class do not follow what they write. It is a publications job to know who their viewership is.

Forbes Magazine - Demographics

Forbes claims to have slightly more than 6 million readers. This is about 2% of the population and more or less double what the other financial magazines and the Wall Street Journal have according to Forbes. Basically the top 1% read Forbes. Who do you think the top 2% consider to be affluent? Forbes assumes 1/4 of their audience self identifies as affluent. That is about 1 and a half million people. We have a population of about 350,000,000. If you want to know what the 1% believe, you have to read what they read. Whatever you read in financial publications is meant to placate the 1%, not you, so read it understanding their target audience.

CNN Money - Who actually benefits from Obama's 'Middle Class Economics'.

President Obama has called for some changes it tax laws. Personally, I am for a flat tax on income that has no deductions, Nixon favored this and so do I. Pay as you benefit, no need to charge a higher percentage to those who do well, charge them the same percentage regardless of how much they make; but, no deductions. Live within your income.

Now President Obama wants to decrease taxes on the middle class. The article says it will help married people and people with kids while taxing the wealthy and it says this is a bad thing. Is it a bad thing?