"I DON'T CARE ABOUT THAT"

I'll get to the post title soon but first I'd like to present some economic facts from a new CBO report:

CBO finds that, between 1979 and 2007, income grew by:

• 275 percent for the top 1 percent of households,
• 65 percent for the next 19 percent,
• Just under 40 percent for the next 60 percent, and
• 18 percent for the bottom 20 percent.

The share of income going to higher-income households rose, while the share going to lower-income households fell.

• The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.
• Most of that growth went to the top 1 percent of the population.
• All other groups saw their shares decline by 2 to 3 percentage points.

Rick "Secession" Perry unveiled his economic plan and it is just another variation of a wingnut favorite, the flat tax. He was asked about his plan by John Harwood of CNBC and
let us know about his economic theology:

Rick Perry: 'I Don't Care' If Tax Plan Helps the Rich
Published: Tuesday, 25 Oct 2011 | 10:18 AM ET
By: John Harwood
CNBC

Simpsonville, S.C. — Texas Gov. Rick Perry, seeking to jump-start his GOP presidential campaign with a 20 percent flat tax, said “I don’t care” if his plan gives millions to wealthy Americans because he says it will accelerate economic growth.

In an exclusive interview with CNBC, Mr. Perry was asked about the millions in tax benefits that would provide for wealthy taxpayers. "I don't care about that," the governor replied.