Making More, Contributing Less

Here's the story.  The rich are really getting richer while the burden of deficit reduction is falling on the middle class. The argument for keeping tax rates low is that low rates boost the economy.  But our actual experience is that the accumulation of wealth at the high simply doesn't do that.  The problem with the economy is the lack of demand.  When more people have money to spend, demand will go up.  When there is mild inflation instead of deflation, immediate spending is encouraged.  Before the tax cuts, both the economy and the rich were doing fine.  A properly fashioned tax code would encourage those with accumulating wealth to spend it where it can do some good instead of just sitting on it.