Our statist economic woes

posted by
August 3, 2011
Future of Freedom Foundation
by Jacob G. Hornberger  
Posted in Commentary

"Imagine that people in society own a total pool of wealth of $1 million. The group is divided into three categories -- the poor ($50,000), the middle class ($250,000), and the rich ($700,000). The entire group as a whole produces an annual income of $100,000, divided proportionately between the 3 categories. The government decides to levy a flat tax of 3 percent on everyone’s income to cover such core government services as police and courts." (08/03/11)


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