Comment

Posted in: When Galaxies Collide

440 Gus 8027/15/2009 3:51:34 pm PDT

Let's see. 5 percent of 1,000,000 dollars is 50,000 dollars. That's 50K taken away from the GDP. By the time the Feds get done with it the return is what? 10% maybe -- just a wild guess. But the full value is far less than 50K and probably less than half after you consider government inefficiency.

Then that 50,000 which goes away from discretionary spending by our citizens. That means no kitchen remodel or home addition which could have been there. Making a 1,000,000 per year isn't exactly rich depending on current debt obligations.