🚀 go-pugleaf

On Mon, 02 Feb 2004 18:17:54 GMT, Bolwerk <no@no.org> wrote:
>On Sat, 31 Jan 2004 16:59:33 -0500, Scott Hedrick wrote:
>
>> Amazingly enough, these are also the same people that pay a
>> disproportionally large share of taxes. The top 1% of earners pay 34% of
>> income taxes. Tax-breaks for the rich are *really* tax breaks for the tax
>> payers.
>
>Really? Does the money trickle down from the super-rich to everyone else
>too? 

Yep.

>How does that happen? 

Basic economics.

>Oh, I know. Sam Walton's daughter comes to work
>one day, opens her mail, and says, "Well, ah'll be dammed. I got me a big
>tax cut from the Federal govermment. Whatever will I do with it?" She's
>quickly reminded of her natural egalitarian inclinations when she sees the
>puppydog expression of George, the burly foreman at the factory she owns
>that makes those little seeds that can be planted in the ground to grow
>into big Wal-marts that poison the ground water to get rid of local
>competition. George reminds her that his workers all have a family to feed
>and make barely enough to feed, clothe, school, and buy movies and video
>games for their children, not to mention fill up their cars with gasoline
>to get them to church every Sunday. Naturally, Mrs. Walton decides to
>donate x percent of her 7-8 figure tax cut to making sure her workers make
>an extra 25 cents an hour. 

You clearly have no understanding.

-- 
It is not from the benevolence of the butcher, the brewer, or the baker
that we expect our supper, but from their regard to their own interest.
		- Adam Smith, "The Wealth of Nations"