50% to Seniors!

The other day I wrote, “If you have 1,000 people, and one of them gets $1 million, and the rest get nothing, these people will get an average of $1,000.”

Now Bush is telling the public that 50% of dividends go to seniors, and the chorus is on the radio, etc., telling people that this tax cut will supplement the Social Security payments of old people across the nation.

Let me explain how 50% of dividends go to seniors. If you have 10,000 people, and one of these is aged 50 and gets $5,000,000 from dividends, and another one is 66 and gets $5,000,000 from dividends, and the rest of us get nothing, then 50% of the dividends go to seniors, and we all get an average of $1000.

And, to repeat myself again, the rest of us get nothing.