Article View: pnw.general
Article #730Re: Tax the rich!
From: Charles Wilson
Date: Tue, 22 Dec 1992 18:02
Date: Tue, 22 Dec 1992 18:02
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In article <1533@nazgul.UUCP> bright@nazgul.UUCP (Walter Bright) writes: >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. Nor would eliminating the ENTIRE defense budget for a year. BUT, eliminating Social Security Benefits for just one year would completely pay for the deficit. Interesting...
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Path: arc1-ca.pugleaf.net!sparky!uunet!news.tek.com!sail!charlesw From: charlesw@sail.LABS.TEK.COM (Charles Wilson) Newsgroups: pnw.general Subject: Re: Tax the rich! Message-ID: <13088@sail.LABS.TEK.COM> Date: 22 Dec 92 18:02:27 GMT References: <1533@nazgul.UUCP> Distribution: pnw Organization: Tektronix, Inc., Beaverton, OR. Lines: 11