The wealthy or 1% has been in the news media for some time and which is now part of the Presidential campaign as an issue and lacks the most important aspect of the subject matter.
Presidential candidate Romney, the 1% and the wealthy try to justify the fact that they pay less tax percentage wise than the middle class by stating they pay what ever the tax code requires them to pay and use exemptions that the tax code allows. What they have failed to say and what the news media has failed to point out is the fact that those wealthy people lobby congress with millions of dollars to dole out tax favors for them and create special tax exemptions for them in the tax code. The middle class does not have the wealth to do the same thing.
The wealthy, which includes corporate America are really worse than the elected oficials who receive those millions to do their bidding. The wealthy who dole out the millions of dollars could care less if they corrupt the system. Their interest is wealth and power because the more corrupt the system becomes, the more powerful and wealthy they become. One does not have to look any farther than this years Presidential race. The PAC's and Super PAC's are already spending millions at a record pace to elect the man they will expect favors from after the election.
The news media has done its part in helping to corrupt the system by not challenging the wealthy on their self serving statements. The wealthy are not getting special tax treatment because it is fair, on the contrary, that special tax treatment is bought by their political wealth using campaign contributions.
