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Friday, April 17, 2009

Tax Facts Minus One

Here's a great video from Reason TV, but it left out one key statistic, the one that drives all the rest. First, the video.


The key statistic is this. The top 10% of all producers in the country only have 10% of the votes. The bottom 90% have 90% of the votes. The public can vote itself money taken from the top N% ad inifinitum, so long as N is some number below 50%.

Of course, now that the Democrats have discovered crack cocaine in the form of the Fed simply printing money, all of this yakking about taxes is beside the point.

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