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On 14 Aug 2003 21:10:27 GMT, (Gould 0738) wrote:

You left out this part: "One retail theory is that when the economy is lousy,
EVERYONE shops downward one level. So, even if you prefer Lands' End
t-shirts,
you may settle for Fruit of the Loom, or whatever WM sells."

Economists are saying that the tax cuts are having a positive effect on
consumer
spending. Wal-Mart is enjoying some of those fruits. The Libs (including you,
I
believe) have been criticizing the tax cut as being 'only for the rich'. Thus
my
question. Is it only the rich who are doing the spending at Wal-Mart? I was
in a
Wal-Mart just last week. It's still the worst, except for K-Mart, place to
shop
for anything. It is, however, much closer and more convenient than the other
shopping areas. Also, the parking spaces are nice and big.

If I were one of the 'rich' who were the 'sole beneficiaries of the tax cut',
there is no way I would set foot in a Wal-Mart for anything.

Most respectfully,

John
On the 'Poco Loco' out of Deale, MD

The tax cuts aren't "only" for the rich, just highly biased toward the rich.
Bush's people are smart enough to know that an average guy needs a pittance in
savings too, or else the populace would be less willing to turn a blind eye to
a national debt that was climbing, just this week, at the rate of over
$1,000,000,000.00 a day.

Take that $1 billion a day, and divide it up by 250mm folks. About $4 a day
apiece, or $480 a month for a family of four. Hope your tax cut is at least $6k
a year, John- because if it isn't and if you've got a family of four you're
getting hosed the difference.
Oh, and by the way, the guy whose tax cut is $6mm a year? His per capita share
of the out of control national debtbacle is the same as yours.

But, if the government trickles a few bucks down on John Q Public, John Q will
be too busy buying Chinese Junks at WalMart to pay any real attention.

Bread and circuses.
I assume the $6mm a year guy is still paying about $50mm a year? Could you
calculate that for me, as I'm not a tax expert. His per capita share of the
debt may be the same as mine, but he's sure as hell doing a lot more paying on
the debt than I am. I know that is obvious to you guys, but you never seem to
mention it.

John
On the 'Poco Loco' out of Deale, MD

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