To: parsifal
Ha. I changed my mind - I'm subscribing you to the Time-Life Basic Economics series ;)
To: general_re
OK, Math 101 for all you capitalists:
One Billion is "one" followed by 9 zeros. (I think in England they have a different name for it. Not sure, though.) Assume that one guy is making that money a year. Now assume that money gets divided in $50,000 increments among workers. How many workers will get a good salary? Would you believe 20,000? Yes, twenty thousand! Those $20,000 will be spending money and paying taxes. With multipliers, I think the GDP goes up .1 for every billionaire that leaves the country. IMHO, they should not let the door hit them in the rump on the way out to Galt's Grinch Gulch, or wherever it is they are headed. I hope they migrate to some country where they still have peasant revolutions. parsy.
21 posted on
07/05/2002 9:31:29 PM PDT by
parsifal
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