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jim jim is offline
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Default The rich pay less taxes



"Lloyd E. Sponenburgh" wrote:

" fired this volley in
:

Wrong again. The total the rich pay is more than just the income tax
they pay.


Exactly. A poor man is at the bottom of the tax pyramid. His income
generates one tax stream, and often it's a negative stream, as he
consumes federal resources worth more than his contribution to them.


The same story is true of the rich man.



A rich man's income generates dozens of other taxable 'streams of money'
flowing into every corner of the economy.


The same story can be told of the poor people.



Not only do the rich consume less share of federal resources than
represented by the taxes they pay personally, they also create taxable
incomes for many other businesses and individuals.


If you cut the federal spending in half. The incomes
of the rich will fall by more than half.



It's the 'economic multiplier' at work.


That is correct.

The only difference between rich and poor is who controls
the story telling and propaganda apparatus