What Rocky Mountain Bill Ferguson is lamenting is the slowing pace of income redistribution under the current administration. The top 1% pay 45.7% of all personal income taxes while the bottom 80% pay about 15%. In a recent rant of mine directed at other fuzzy thinking on this board I pointed out the bonuses and capital investment pledged by US companies as a result of new tax reform. Thats good news. I would offer up, however, that a goodly number of the top 1% are no friend of Republicans, but they will enjoy the benefits of tax reform like everyone else. If that disturbs their collective consciousness they should chip in a little extra so they can sleep at night. I would recommend they review the most (in) famous of the progressive charities, the Clinton Foundation, for tips on giving to the most needy.

Happy New Year

Ed Blake