RE: [DMCForum] Class warfare. It's the motivating factor behind the left's economic policy.

["Dave Stragand" <dave.stragand@xxxxxxxxxxxxxxx>]

In other terms, an anecdote:

I was having lunch with one of my favorite friends last week and the
conversation turned to the government's recent round of tax cuts. "I'm
opposed to those tax cuts," the retired West coast college instructor
declared, "because they benefit the rich. The rich get much more money back
than ordinary taxpayers like you and me and that's not fair."
 
"But the rich pay more in the first place," I argued, "so it stands to
reason that they'd get more money back." I could tell that my friend was
unimpressed by this meager argument.
 
So I said to him, let's put tax cuts in terms everyone can understand.
Suppose that every day 10 men go to a restaurant for dinner. The bill for
all ten comes to $100. If it was paid the way we pay our taxes, the first
four men would pay nothing; the fifth would pay $1; the sixth would pay $3;
the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest)
would pay $59.
 
The 10 men ate dinner in the restaurant every day and seemed quite happy
with the arrangement until the owner threw them a curve. Since you are all
such good customers, he said, I'm going to reduce the cost of your daily
meal by $20. Now dinner for the 10 only costs $80.
 
The first four are unaffected. They still eat for free.  Can you figure out
how to divvy up the $20 savings among the remaining six so that everyone
gets his fair share? The men realize that $20 divided by 6 is $3.33, but if
they subtract that from everybody's share, then the fifth man and the sixth
man would end up being paid to eat their meal.
 
The restaurant owner suggested that it would be fair to reduce each man's
bill by roughly the same percentage, being sure to give each a break, and he
proceeded to work out the amounts each should pay.  And so now the fifth man
paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid
$9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of
$59.
 
Outside the restaurant, the men began to compare their savings. "I only got
a dollar out of the $20," complained the sixth man, pointing to the tenth,
"and he got $7!" "Yeah, that's right," exclaimed the fifth man. "I only
saved a dollar, too. It's unfair that he got seven times more than me!"
 
"That's true," shouted the seventh man. "Why should he get $7 back when I
got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the
first four men in unison. "We didn't get anything at all. The system
exploits the poor."
 
The nine men surrounded the tenth man and beat him up. The next night he
didn't show up for dinner, so the nine sat down and ate without him.  But
when it came time to pay the bill, they discovered something important.
They were $52 short! And that, boys, girls and college instructors, is how
America's tax system works. The people who pay the highest taxes should get
the most benefit from a tax reduction. Tax them too much, attack them for
being wealthy, and they just may not show up at the table any more.  




-----Original Message-----
From: Marc Levy [mailto:malevy_nj@xxxxxxxxx] 
Sent: Friday, July 16, 2004 2:14 PM
To: DMCForum@xxxxxxxxxxxxxxx
Subject: Re: [DMCForum] Class warfare. It's the motivating factor behind the
left's economic policy.


They voted down the whole tax package... Sure, maybe
the working family saved $900 a year, but if the
Rebublicans had their way, how much would the rich
people be saving?

When you say someone voted a specific way on a
"package", we need to know what the whole package was!

BTW, the child tax credit SHOULD be ZERO.  Why do I
have to pay for your kids?

--- Dave Stragand <dave.stragand@xxxxxxxxxxxxxxx>
wrote:
<SNIP>
> Despite their claim of caring for us average
> citizens, 46 out of 48 Senate
> Democrats, including all eight of the aforementioned
> wealthy party members,
> voted against sending rebate checks of $400 to
> taxpayers as a result of a
> retroactive increase in the child tax credit. They
> also voted against
> expanding the 10% tax bracket, which also happens to
> be the lowest tax
> bracket, from $12,000 to $14,000. Combined, these
> two components alone will
> save a working family of four $900 a year. If
> Democrats had their way, that
> same family would save $0. 




            
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