Bush doesn't support millionaires, he supports the richest millionth:

Everybody says Bush cares only for the richest 1%, or 1/2 of 1%, or some other "percentage" figure. But consider remarks by Bush at the NAACP today. Here's how Think Progress reported it:

President Bush addressed the NAACP today for the first time in his presidency. Speaking on behalf of his friend, multi-millionaire conservative BET founder Bob Johnson, Bush used the opportunity to promote the repeal of the estate tax on the ultra-rich:

One of my friends is Bob Johnson, founder of BET. He’s an interesting man. He believes strongly in ownership. He has been a successful owner. He believes strongly, for example, that the death tax will prevent future African-American entrepreneurs from being able to pass their assets from one generation to the next. He and I also understand that the investor class shouldn’t be just confined to the old definition of the investor class.

President Bush’s “death tax” pitch demonstrates his stunning disconnect from the African-American community. According to an American Progress analysis, just 59 African-Americans will pay the estate tax this year, and that number will drop to 33 in 2009.

59 African-Americans now, 33 later. The average is

46

How many African Americans are there? From the CIA World Factbook, we get 12.9% of 298 million. That's

38 million

So you could fairly say that, when talking to African-Americans, Bush is defending a policy that is favorable to the richest one in a million. Remarkable.


posted by Quiddity at 7/20/2006 04:02:00 PM