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When the wealthy spend millions of dollars...

Submitted by Ken Watts on Tue, 06/02/2009 - 14:35

Although the Bush tax cuts for the nation's wealthiest families threaten American economic prosperity, they have done little for their ostensible beneficiaries. When the wealthy spend millions of dollars on more elaborate coming-of-age parties for their children, they only raise the bar that defines a special occasion. Even purely in terms of self-interest, they and their families would have fared much better if the money had been spent to repair aging bridges and inspect the cargo containers that enter the nation's ports.

Robert H. Frank