Reply #6: thanks for paying attention

[hfojvt]

I was complaining about this in real time http://journals.democraticunderground.com/hfojvt/135

to a collective yawn on DU, although it got much more attention a day or so later when Think Progress picked up the story.

Just to compare my estimates with Bob's (Bob Mcintyre of Citizen's for Tax Justice)


"Less than $5.97 billion will go to the 22 million households making less than $20,000, on the other side of the coin AT LEAST $22 billion will go to the 7.8 million households who make more than $100,000. With another $15 billion plus going to households who make between $80,000 and $100,000 (9.3 million households).

So of the $120 billion this is said to cost, the bottom 20% gets less than 5% of it and the richest 10% get more than 18% of it, and the richest 20% will get more than 31% of it."


I said the bottom 20% get less than 5% and CTJ said they get 3.8%. I said the richest 10% get more than 18%, CTJ said 26.7%. I said the top 20% got more than 31% and CTJ said 46.4%. I'd say I did pretty good for rough estimates - owwww.

Ach, I just threw out my shoulder patting myself on the back. I hate when that happens.

You are correct too, the reverse of Keynes is Reaganomics.