Wednesday, October 19, 2011

Wealthy people buying huge quantities of government with middle class debt

HT Jared Bernstein for the charts from TPC

Who funds the Cain campaign? Rich people who make money from huge central government spending. Here is the economic rule, recently discovered. When the products are priced lower for the buyer, he buys more of them. Rich people and their socialist defense network, mainly, but rich people and eminent domain for large pipelines, and rich people who build large buildings on the tax payer dollar, rich people who get direct acess to government patent enforcement powers, rich people who attend meetings with Timmy, and rich people who get TARP insurance.

And, more importantly, rich people who shift payroll expenses onto government using the entitlement system.

Herman Cain thinks you and I should subsidize the wealthy.

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