If every employer was like jimmyt, it'd be a much better world. But too many of them aren't. They pay their employees as little as they can get away with, and take as much as they can for themselves, and that's called good business practice. And the difference between the amount creamed off by the people at the top and the amount paid to the people at the bottom gets wider and wider.
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I think people focussing their attention on the actual facts and non-facts about this Joe are aiming well off target. No doubt there are some cases where what he was on about does apply - cases where through hard work someone from a modest background is hoping to be able to take over a business which will make enough profit to be affected by taxes more than he'd prefer.

Perhaps Joe was bending the truth to make a more effective question, perhaps he was genuinely mistaken, but so what - he's not a politician up for election or up on a witness stand.

The fact that it sounds as if Joe wasn't actually strictly accurate is only relevant in so far as it means McCain's attempt to personalise that through invoking his name is absurd. And that's the phoniness on which people should be focussing their attention, together with arguing as to whether the tax issue involved is one where Obama's proposals are wrong. Which doesn't actually sound to be significantly the case.