<$BlogRSDUrl$>

Monday, January 05, 2004

"My Voters First" 


CNN reports that Wesley Clark's "Families First Tax Reform" would exempt all households with an income less than $50,000.00 from Federal Income taxes. This seems like an awfully unfair system to me.

Lets look at some data:
Mean Household Income of Quintiles
Measures of Income Dispersion 2001
In Current Dollars

Lowest quintile...............10,136
Second quintile...............25,468
Third quintile...................42,629
Fourth quintile................66,839
Highest quintile............145,970
So under Wesley Clark's plan at least 60% of the households in the United States would be exempt from paying for federal government services. Isn't that exactly what is meant by tyranny of the majority?
Comments: Post a Comment

This page is powered by Blogger. Isn't yours?