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echo: askacop
to: RYAN BAGUEROS
from: RICH WILLBANKS
date: 1998-04-06 20:35:00
subject: Re: working class folks

RW> upper 20% of the money earners are paying something like 80% of the 
RW> taxes (federal, mostly income tax).
RB> Considering that the top 1% of the global population
RB> controls 80% of the  wealth, that doesn't sound too bad. And
RB> it doesn't seem to be hurting them any. 
Really?  Do you know why the Miami Dolphins were sold
by the family who had owned them from the very
beginning?  Because they could not pay the inheritance
tax after the owner died w/o selling the team.  Ever
wonder why the family owned farm is disappearing?
Because the kids can't pay the taxes after dad dies w/o
selling the land.
Anyway when was the last time you saw a job offered to
someone by a poor person?
RW> Most people don't see it like this.  They think "rich" people get 
RW> that way by winning a lottery or something as easy.  I would have 
RW> thought the debacle of the luxury tax would have made some people 
RW> realize this.
RB> Statistically, this is sort of true. 99% of rich people are
RB> that way because of 
RB> their heritage (daddy was rich). As I've posted before,
RB> social and class  mobility is pretty much a myth in our
Give me any site you can showing this?  The latest
government numbers I saw showed that over 90% of the
millionaires in the US had earned their money in their
life time not inherited it.
                      Remember:  Freedom isn't Free!
--- timEd-B11
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