Friday, January 25, 2008

Life Boats 2

Life boats. You think I flew off the handle when I whined about the life boats. You know what I meant. You know what I was implying. I heard your rolling eyes.

But it's the way these things work. Invisible hand when it's about the people in the streets, about the little man. But seriously we can't expect that invisible hand to apply when it's the big boys who find themselves in a bind.

When the big boys scream loud enough, the invisible hand goes out the window and the welfare starts flowing liberally. And you think I rant. Check out the data. Look at the pictures. Then tell me about the life boats.

Percent share of the tax stimulus per quintile of the tax paying public
6.5%
Qlow
14.3%
Q2
21.0%
Q3
31.0%
Q4
27.1%
Qhigh

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Hat tip: Paul Krugman, Who gets stimulated?.


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