“The handful of people at the top with all the money can’t consume to keep an auto-plant going. If you suddenly make a bazillion dollars, you’re not gonna run out and buy 70 Ford pickup trucks, whereas if that money were in the hands of the middle class, they would.”
Lee Sheppard, a lawyer, has been a contributing editor at Tax Analysts for 20 years. She covers all areas of the tax law, including international taxation, corporate taxation, partnership taxation, bankruptcy tax, pensions, and tax accounting. Sheppard frequently speaks on tax subjects for the media and at conferences.