Thursday, June 05, 2008
File this under...redistribution happens
Some of the impact from the stimulus checks is starting to trickle in; you wouldn't believe it, but when you redistribute money from higher incomes to lower incomes, places that serve the lower income folk do better and places that serve the higher income folk do worse.
Wal-Mart? Up. Costco? Up.
Victoria's Secret? Down. Bath and Body Works? Down.
Your federal government: Picking winners and losers since 1789!