🚀 go-pugleaf

According to Prof. Walter Williams on the National Business Report, the
aggregate income of all Americans earning over $200,000 per year is
$209 billion. Therefore, if you simply confiscated *all* the income of
the rich, we would not eliminate the deficit, which some projections
estimate at $400 billion next year.

And if you did confiscate all their income, what would you do about the
next tax year? People don't work for nothing.

Clearly, although "tax the rich" makes great campaign rhetoric, to finance
the government spending programs the tax increases will have to dig deep
into the middle class.

"Every dollar released from taxation that is spent or invested will help
to create a new job and a new salary, and these new jobs and new salaries
can create other jobs and other salaries and more customers and more
growth for an expanding American economy."

			John F. Kennedy
			13 Aug 1962