Thread: Losing Our Way
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Old 03-30-11, 10:12 AM   #29
tater
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Wealth redistributed upwards. LOL.

Redistribution means taking money (with threat of force/jail) from one party, and giving it to another. You can argue that rich interests benefit from government spending. I'll grant it for the sake of argument.

OK, so we have the rich, political class writing government checks to themselves (gov contracts, etc).

There is redistribution for you. I agree.

Upwards? Sorry, but the bottom doesn't pay in a statistically significant amount. There is no way this largesse passes upwards, since even if we grant the lower end is over taxed (due to payroll taxes, not income tax which they don't pay), the total amount collected is still a meaningless amount. Debt? Again, the gov gives money to rich interests with borrowed money. The press reports this as if it's XX,XXX dollars for every American, but only the top 20% will ever get sent the bill, so it's really a multiple of that figure for every "rich" person, and ZERO for the rest.

There is no way to redistribute meaningful amounts of money upwards, since the poor don't have meaningful net worth.
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