[tpmintx]

John Galt couldn't have said it plainer.

"Who is John Galt?"



I'm sorry, I couldn't help myself...

[HiTech RedNeck]

Well the sensible ones teach that way. The not so sensible ones give us (at least the modern twist on) Keynes etc.

[PubliusMM]

I enjoy this story every time I see it. It really is a very good description of the way our tax system works (or doesn’t work, as the case may be).

[justlurking]

Everyone wanted to continue to pay their bill just the same way as they had before. So the first four people (the poorest) are unaffected. They continue to get to drink for free.

Actually, if you remember the last couple of "stimulus rebates", the Democrats insisted those first four people that were drinking for free also get some of that $20 that the bartender refunded.

[maica]

"And that, boys and girls, journalists and college professors, is how our tax system works", says Professor Kamershen. "The people who pay the highest taxes get the most benefit from a tax reduction.

I love this example of the 'friends' at the bar.

One continuing lie from the propagandists about the rich benefiting more than the 'poor' when taxes are reduced really makes me angry. When President Bush and the Republican Congress reduced the rate for the lowest payers from 15% to 10%, that was a 33% reduction in their actual tax bill.

No one in the upper brackets got that kind of rate reduction. Because most of the lower income folks are in jobs that have withholding programs, all they saw was a few dollars more in each paycheck, which was demagogued as a 'latte' or a trip to Jiffy Lube.