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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (104099)	4/11/2000 11:41:00 PM
From: chic_hearne	Read Replies (1) \| Respond to of 1570636

Re: We have smaller and smaller number of wealthy individuals paying the entire cost of the government Joe, This is the last OT from me. I recently saw stats that the upper 50% of the population pays 96% of federal taxes while the bottom 50% pays only 4% of federal taxes. chic

To: Joe NYC who wrote (104099)	4/12/2000 12:42:00 AM
From: JohnD	Respond to of 1570636

Jozef, I completely agree with you. The "Earned Income Tax Credit" removes both responsibility and involvement from people. The burden should be shared by all, even if the amount is actually symbolic. Best of luck to all AMD longs, JohnD

To: Joe NYC who wrote (104099)	4/12/2000 1:01:00 AM
From: tejek	Read Replies (1) \| Respond to of 1570636

We have smaller and smaller number of wealthy individuals paying the entire cost of the government. I don't think this experiment has been tried anywhere outside of third world countries. I think it is a dangerous course for a democratic country. Joe, That smaller number of wealthy individuals are doing okay. For the past 20-30 years, a greater proportion of this country's wealth has become concentrated within a smaller group of people. In other words the rich are getting richer. The only reason the middle class does not complain is because the quality of their lives has improved during that time span. If that were not the case, however, all hell would break lose. ted