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To: chaz who wrote (62376)	11/9/2002 7:48:04 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

I like the graded tax the most. I think when you are worth several hundred million dollars and you make more than a million a year, then paying 10 or 20% more in taxes isn't going to crimp your lifestyle. Let's face it. 95% of the people in the U.S. have net worths less than $1 million. The top 5% can certainly afford to spread the wealth a little by picking up a great share of the tax burden. Just think about it. What is Bill Gates worth? $50 billion or so nowadays? Take away $1 billion and he won't even notice it. Split that $1 billion among 1,000 poor people and they have the potential to be rich for the rest of their lives. Of course, let's not get into whether or not they will squander the money. The statistics are pretty dismal with lottery winners, so I'd bet the majority of those 1,000 would not be millionaires anymore within 5 years. But my point is illustrative of how lopsided the wealth is in this country. The only good thing is that at least it's not as bad as in other areas of the world, like the Middle East.