From: Lee Corbin (lcorbin@tsoft.com)
Date: Tue Mar 04 2003 - 23:47:44 MST
Mike Lorrey writes
> That nearly half the US population pays no taxes at all, yet receives
> thousands or even tens of thousands of dollars annually in benefits,
> while the top 10% pay more than 50% of the taxes while receiving
> nothing in return is indicative of the drift from a free market to an
> odd sort of upside down patron/client socialist/mercantilist economy,
> where the productive class is enslaved by the political elites to
> subsidize the payoffs to the unproductive class that extorts the
> payoffs under theoretical threat of electoral revolt...
The miracle is that a Huey Long or other pure mobocrat-democrat
hasn't been elected to the executive with a similarly composed
Congress. More than half the people now have absolutely no
incentive whatsoever to have lower taxes. On the contrary, the
higher the taxes, the better for them.
I do not know to what to attribute this miracle. But I do
know that it won't last forever.
Lee
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