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Article #741

Re: Tax the rich!

#741
From: Robert Sipe
Date: Tue, 22 Dec 1992 20:57
39 lines
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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.
>
>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.







Why is it that this message did not become clear before the election.
Perhaps it did but no one heard it.  Irrespective, we will be getting
this deficit under control one way or the other according to Pres. Clinton.












-- 
Statement made by Oliver North when asked to comment on Clinton's draft
record.  "I would rather vote for Jane Fonda than Gov. Clinton!  At least
she has been to North Vietnam."
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Path: arc1-ca.pugleaf.net!sparky!uunet!ogicse!news.u.washington.edu!uw-beaver!fluke!plato!bcstec!robs
References: <1533@nazgul.UUCP>

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Path: arc1-ca.pugleaf.net!sparky!uunet!ogicse!news.u.washington.edu!uw-beaver!fluke!plato!bcstec!robs
From: robs@bcstec.ca.boeing.com (Robert Sipe)
Newsgroups: pnw.general
Subject: Re: Tax the rich!
Message-ID: <BzoI85.15o@bcstec.ca.boeing.com>
Date: 22 Dec 92 20:57:40 GMT
Article-I.D.: bcstec.BzoI85.15o
References: <1533@nazgul.UUCP>
Distribution: pnw
Organization: Boeing
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