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Sunday, January 16, 2005

Inaugural Costs: Transferring Wealth, Not Wasting It

Though I am oversimplifying in the service of brevity, there is more truth than fiction in the notion that money spent on inaugural festivities represents a transfer of wealth from big corporations and individuals of decent income to men and women who work for caterers, restaurants, hotels, the D.C. convention center, security firms, limousine services and printers, or who are taxi drivers or police officers on overtime.

What do critics of inaugural spending cited by the Associated Press, the Washington Post, the New York Times and others have against working people earning a decent living?

Besides, those who can't stand wealth transfers within the private sector could cheer the fact that the government is taking a nice slice of the private money being spent on the aforementioned services though sales and income taxes.

Posted by Amy Ridenour at 9:28 PM

Copyright The National Center for Public Policy Research