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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (44457)	7/28/2010 7:04:12 PM
From: TimF	Read Replies (1) of 71588

A transfer away from ANYONE results in that person having less 'wealth' Then they would without the transfer, but not necessarily than they formally had, unless its the only change that's happening which is rarely the case. In fact as the rich have gotten richer, the net transfers from them have increased. They pay tax on a larger income, and (depending on where your cut off for "rich" is) they move to higher tax brackets, or hit the AMT, while at the same time losing eligibility for some transfers or subsidies to them because of their increased income or wealth. But "NET" was the metric we agreed to. And, you were the one who first raised "net" as an appropriate metric.... "NET" in this context isn't the total change in wealth, only the total change due to transfers. My paycheck - Not a transfer. Payment for business services (if I owned a business that provided such services), not a transfer. They are both part of an exchange, work for payment. Capital gains, not a transfer, its an increase in value of already owned property, followed by an exchange, property for cash. Tax payments - Transfer Welfare checks - Transfer ...

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