Affirm, Eagler.
The Tax issue is a prime example.
"According to preliminary data released by the Internal Revenue Service,
the top-earning one percent of U.S. taxpayers (annual income over $250,736) made 17.4 percent of the income earned in 1997 and paid 33.2 percent of the total federal individual income taxes collected that year."
The
top five percent of income earners made 31.8 percent of all income in 1997, but paid 51.9 percent of all federal individual income taxes.
Similarly, the
top 10 percent of earners made 42.8 percent of all income in 1997 but paid 63.2 percent of all federal individual income taxes.
"At the other end of the income spectrum, the bottom 50 percent of the nation's taxpayers earned only 13.8 percent of all income in 1997, but they paid an even smaller fraction of the federal individual income taxes collected--4.3 percent."
So, if you give a "straight percentage" tax cut...say 5%...who will have the highest dollar value returned?
The ones who pay the most money
IN, of course. To some people this is an apparently EVIL concept.
If you do it using the "AlGorerhythmic Method" the people who pay in the most get....nothing back! That's a nice touch.
The people who pay in absolutely nothing get quite a bit "back". Gotta be a popular move with the folks who pay absolutely nothing.
In the old days, they used to call this a "governmental transfer of wealth". You earn some money, the government takes it away and gives it to someone. You get no say in the matter.
Good deal.
Didn't the Romans vote themselves "bread and circuses"? Didn't last long, as I recall.