> False. The poor pay a disproportionate percentage of their income to > taxes. You conveniently forget that income tax is just one of many > taxes paid.
True, that poor do pay a larger portion of their income than the wealthier, but there is no federal sales tax. That is the basis for any tax rebate from the feds. If you don't pay any federal income tax, you shouldn't expect any form of a rebate in return. If the goal is to just hand out checks to citizens, then that's just a handout. > Do the neocons have some special Enron-style > accounting principle that turns expenditures into income? Get real! If by "neocons," you mean the federal govt, then actually, yes. GAO says federal financials too poor to audit http://www.webcpa.com/article.cfm?articleid=10525&pg=acctoday "If a corporation had such a long record of material weakness in its reporting, its stock price would tank," (U.S. Comptroller General David M. Walker) told Accounting Today. "We don't have stock ... but we do have plenty of debt ... . Our financial condition is worse than advertised. Next question? > False. That theory has been false for several millennia. Phoenician > tablets (1250 BCE) have been found with letters of credit. Every time > you > use a credit card you are spending what you don't have. Nothing bad > happens. Quite the opposite, credit is lubricant for the economy. Ya think? I wasn't saying that credit was bad. It was a continuation of the previous paragraph. ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
