Rocky Vega

When the wealthiest citizens can design tax shelters, Swiss and otherwise, and the poorest can either pay no taxes or receive refunds, the burden of generating US tax revenue falls squarely on the shoulders of the middle class. That same middle class essentially made up of those hardest hit by today’s correcting economy.

Robin Hood, a sort of redistributive folk hero, rose to fame by robbing from the rich and giving to the poor. How times have changed! Apparently, for the White House, it’s good enough to work that “magic” a few notches down… taking from the working-poor taxpayer and giving to the unemployed.

Rocky Vega

Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.

  • Captain Obvious

    Time to tax the rich.

  • jason

    That’s true, BUT the “No Job” guy is, or some will be, “Broke.” What we call “middle class” in the US is laughable. The median HOUSEHOLD income in the US is around $40-$50,000 a year. That’s just a living these days–it’s not really “middle class.” Especially when you consider that, with today’s economy, a household may include grown children who can’t find a job after high school or college, elderly parents or two working parents. The super rich really have it made, and they continue to scam the system, and take wild risks knowing that the so called middle class taxpayer will bail them out as well as take care of the unemployed. No wonder the system broke.

  • Model T

    Line up and get your nose into the trough.

  • ctmcmull

    Rocky –
    Thank goodness these sorts of issues are never more complicated than what can be portrayed in a cartoon. It sure saves you some heavy lifting, doesn’t it.

  • Inuvik NWT

    Rocky strikes again with another graphic funny, which is only funny to those of us with no debts and more income than outgo.

  • http://www.dailyreckoning.com Rocky Vega

    ctmcmull & Inuvik NWT,

    The cartoons are solely for generally illustrative purposes… no more.

    - Rocky

Recent Articles

Extra!
Where You Can Make $56,000 a Year Delivering Pizzas

Jim Mosquera

US unemployment rates are some of the most dubious and debatable numbers in economics. And when you look at how the government fudges them it's easy to see why. Today Jim Mosquera attempts to make sense of them, and includes an insightful commentary on another controversial topic: minimum wage. Read on...


Addison Wiggin
The Quickest, Easiest Way to Store Your Wealth Overseas

Addison Wiggin

Over the years, the feds have made it increasingly difficult for you to maintain any semblance of financial freedom. So today, Addison Wiggin details one strategy that will go a long way to keeping them at bay, and allow you to keep more of your hard-earned money in the process. Read on...


The Next Phase of Gold Profits is About to Begin

Frank Holmes

Today Frank Holmes shows how tracking the past history of the Federal Reserve's Funds Rate Cycle can be a powerful prediction tool for gold investors. Specifically, he points out why this is the beginning of a period in the cycle that's historically favorable for the price of gold, and how you can take advantage of it. Read on...


Laissez Faire
A Graceful Way Around Obamacare Mandates

Jud Anglin

Real health care reform isn't going to come in the form of laws, rules, and regulations. It's going to come from people looking to do things differently and find savings where none previously existed. And that means developing new technology that expands medical coverage. Now if only government got out of the way...


188 Stocks that Could Benefit from a Short Squeeze

Greg Guenthner

With the market hitting new highs all the time, many investors are beginning to think that a dramatic drop in stock prices is right around the corner. But while they continue to add short positions to their portfolios, you can take the opposite side of the trade and laugh all the way to the bank. Greg Guenthner explains...