[Vision2020] The rich get richer and...
Dale Courtney
dale@courtneys.us
Sat, 19 Apr 2003 11:26:26 -0700
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Visionaries,
=20
Someone recently mentioned on this list that "tax cuts mean the rich get
richer and the poor get poorer."
=20
I thought it would be of interest to everyone that the census bureau
information demonstrates rather that the rich get richer -- but so do =
the
poor.=20
=20
As President Kennedy said, "a rising tide lifts all boats". In other =
words,
economic policy either generates positive results, in which case all =
income
classes benefit, or causes stagnation and decline, in which case all =
groups
suffer.=20
=20
As the chart below illustrates, the high tax policies of the late 1970s =
and
early 1990s are associated with weak economic performance, while the low =
tax
rates of the 1980s are correlated with rising incomes for all quintiles.
Likewise, all income groups enjoyed increases in income after the 1997
capital gains tax cut.=20
=20
Best,
Dale Courtney
(debunking leftist slogans in an attempt to end class warfare)
_____ =20
<http://courtneys.us/MSD/images/bg1415cht3[1].gif>=20
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<DIV><SPAN class=3D879521818-19042003><FONT=20
face=3DArial>Visionaries,</FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D879521818-19042003><FONT face=3DArial>Someone =
recently mentioned=20
on this list that "tax cuts mean the rich get richer and the poor get=20
poorer."</FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D879521818-19042003><FONT face=3DArial>I thought it =
would be of=20
interest to everyone that the census bureau information demonstrates =
rather that=20
the rich get richer -- but so do the poor. </FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D879521818-19042003><FONT face=3DArial>As President =
Kennedy said,=20
"a rising tide lifts all boats". </FONT></SPAN><SPAN=20
class=3D879521818-19042003><FONT face=3DArial>In other words, economic =
policy either=20
generates positive results, in which case all income classes benefit, or =
causes=20
stagnation and decline, in which case all groups suffer. =
</FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D879521818-19042003><FONT face=3DArial>As the chart =
below=20
</FONT><FONT face=3DArial>illustrates, the high tax policies of the late =
1970s and=20
early 1990s are associated with weak economic performance, while the low =
tax=20
rates of the 1980s are correlated with rising incomes for all quintiles. =
Likewise, all income groups enjoyed increases in income after the 1997 =
capital=20
gains tax cut. </FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial>Best,</FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT face=3DArial>Dale=20
Courtney</FONT></SPAN></DIV>
<DIV><SPAN class=3D879521818-19042003><FONT =
face=3DArial>(debunking leftist=20
slogans in an attempt to end class warfare)</FONT></SPAN></DIV><FONT=20
face=3DArial></FONT>
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