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Rising Tide Sinks Small Ships

I realize that whenever someone mentions the words "equal distribution of wealth," communism inevitably comes to mind. There are many ways, however, that the country could seek to level the playing field without resorting to heavy-handed, interventionist behavior. Capitalism does not imply an unregulated economy. A simple raise of the federal income-tax on the highest tax bracket would take money from those who can spare it and funnel it into public programs that desperately need money. Instead, both Republicans and Democrats are advocating spending much of the budget surplus on tax cuts that largely benefit the country's wealthier half.

Returning money to people who are already middle-class or higher through a tax cut merely increases the demand for luxury goods, without resolving any of the serious issues that face our country. The past seven years have produced tremendous financial gains. It is now time to use that money on those who need it. The bull market has placed the United States at the top of the financial ladder. Perhaps now, we can turn our attention to those who were left behind.

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Christina S. Lewis '02 is a history and literature concentrator in Leverett House. Her column appears on alternate Mondays.

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