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Yesterday on my way to lunch I passed a homeless guy with a sign that read "Vote Obama, I need the money". I laughed.
Once in the restaurant my server had on an "Obama 08" Button, again I laughed as he had given away his political preference -- just imagine the coincidence. When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--I pointed out the homeless guy outside. The server angrily stormed from my sight.
I went outside, gave the homeless guy $10 and told him to thank the server inside as I've decided he could use the money more. The homeless guy was very grateful.
At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient "lacked" the money more.
Originally posted by nyk537
I knew it was only a matter of time before someone came in here and started throwing around the $250,000 figure.
Originally posted by nyk537
Maybe you should be glad the homeless guy got something.
Isn't that the point of redistribution?
Originally posted by buddhasystem
It would certainly seem that any concept at all can sink into your head only in a somewhat dumbed down manner.
Originally posted by buddhasystem
To OP: You must quite wealthy, to afford dining at restautants where mere waiters make over $250,000 per year in tips. I envy you.
IRS data indicate that the richest 1 percent, 5 percent and 10 percent of the taxpayers are shouldering a larger percentage of the income tax burden than they would had the Bush tax cuts never materialized.
* Preliminary 2005 data just released from the Treasury Department show the amount of tax paid by those earning more than $1 million a year increased to $236 billion in 2005, up from $132 billion in 2003, the year of the tax cut.
* This was a 78 percent increase in taxes paid by millionaire households.
Figure 1 suggests that recent movements in the tax data are inconsistent with Obama's perspective. The top line indicates the share of income taxes paid by the top 10 percent of taxpayers. The bottom line indicates the share of income taxes paid by the bottom 90 percent. In 2006, the top 10 percent of earners paid fully 70.8 percent of taxes. That is significantly above the 2000 peak of 67.3 percent--before the Bush tax cut.