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Internet Message Format  |  1992-12-22  |  892 b 
  1. Path: sparky!uunet!news.tek.com!sail!charlesw
  2. From: charlesw@sail.LABS.TEK.COM (Charles Wilson)
  3. Newsgroups: pnw.general
  4. Subject: Re: Tax the rich!
  5. Message-ID: <13088@sail.LABS.TEK.COM>
  6. Date: 22 Dec 92 18:02:27 GMT
  7. References: <1533@nazgul.UUCP>
  8. Distribution: pnw
  9. Organization: Tektronix, Inc., Beaverton,  OR.
  10. Lines: 11
  11.  
  12. In article <1533@nazgul.UUCP> bright@nazgul.UUCP (Walter Bright) writes:
  13. >According to Prof. Walter Williams on the National Business Report, the
  14. >aggregate income of all Americans earning over $200,000 per year is
  15. >$209 billion. Therefore, if you simply confiscated *all* the income of
  16. >the rich, we would not eliminate the deficit, which some projections
  17. >estimate at $400 billion next year.
  18.  
  19. Nor would eliminating the ENTIRE defense budget for a year.  BUT,
  20. eliminating Social Security Benefits for just one year would completely
  21. pay for the deficit.  Interesting...
  22.  
  23.