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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Wildstar who wrote (72571)	12/30/1999 11:18:00 PM
From: Oblomov	Read Replies (1) \| Respond to of 132070

Simply put, wealth is not the same as income. The true rich generally realize very little taxable income.

To: Wildstar who wrote (72571)	12/30/1999 11:49:00 PM
From: RealMuLan	Respond to of 132070

I think Andrew A. answers your question on "tax the rich" pretty well. And I can't agree with him more. Sorry. I was in the hospital that day and happened to pick up a copy and read it and that is why I remembered. I do not subscribe it, neither on-line version, nor printed version. I am too cheap -g-. Actually I don't have time to read the newspaper now. Maybe some other people can help you. Or maybe you can go to any library to find it. It was the first page, and there was a pie chart. I think the date was more likely on Oct. 22nd, and it was a Thurs.

To: Wildstar who wrote (72571)	12/31/1999 3:23:00 AM
From: Lee Lichterman III	Respond to of 132070

The reason you can't tax the rich is because soon as you do, they will move their funds off shore, not because they don't have enough. As for trying to research this, I started to but it got too time consuming. You can find all the data you need at economagic.com The St Louis link has the most pertinent data but trying to log all the regions income then take out cost of living by region, debt both long term and credit card etc, savings etc got to be too big a task for me to do just to answer a question. This site has all that info but you need to grab it, put it in excel, crunch them etc which is time consuming. I ran this drill once a couple of years ago and was shocked to find most people have no money. <ng> I know at work, people think they are rich but when one of my troops gets into trouble, I have to go through thier finances and am shocked as they proclaim they are doing fine and are meeting all MINIMUM payments for their credit cards, car loans etc. I have many kids that are in debt over 20K most of it on 20% credit cards yet earn 16K a year and think they are fine. When I show them they are going backwards, they just don't get it most of the time. Good Luck, Lee