Tuesday, July 20, 2004

1.2 billion on TV commercials this year for political ads. No wonder we don't tax wealth.

This is really out of control.
This year candidates will spend (and raise) more than a billion dollars on television commercials alone.
Where do you think that billion comes from?
Wealthy people.
No wonder we tax work more than wealth.
This story in Crain's Chicago Business covers the Chicago stations sulking about missing out on the bonanza (instead of $60 million in ads they'll only get $3 million, and that's just for people in Kenosha who watch Chicago TV).

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