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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (63)9/27/2000 3:12:40 PM
From: M. Frank GreiffensteinRead Replies (1) of 24758
 
I don't agree with this at all. No one benefits from government largesse more than they would benefit if they spent the money themselves.

If I read Grace correctly, she wasn't making an argument for the moral or economic superiority of government benefits. In simple dollar terms, her statement is correct, the government does spend more on "entitlements" geared towards the middle class. This can be calculated not only in terms of direct subsidies, but also indirect subsidies, e.g., writing off mortage interest and state taxes. Only the middle class makes enough money to get kicked into Schedule C.

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