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TorgoX (1933)

TorgoX
  sburkeNO@SPAMcpan.org
http://search.cpan.org/~sburke/

"Il est beau comme la retractilité des serres des oiseaux rapaces [...] et surtout, comme la rencontre fortuite sur une table de dissection d'une machine à coudre et d'un parapluie !" -- Lautréamont

Journal of TorgoX (1933)

Tuesday June 08, 2004
04:40 PM

Damage

[ #19152 ]
Dear Log,

«The way in which certain tax exemptions were removed actually led to a rise in the proportion of income paid in tax by the lowest income groups. In most of the eulogies for Reagan this week, all those cuts in government expenditure on food stamps, school lunches, welfare Medicaid and subsidised housing have been forgotten.

The great economist, John Kenneth Galbraith, put it in a nutshell when he said there was something strange about a doctrine holding that the rich would work harder if they had more money and the poor would if they had less.»

--"Reagan's taxing legacy": The Reaganomics doctrine that tax cuts would pay for themselves has caused lasting damage, says William Keegan

But he was a great man! I can tell this from television.

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