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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (247029)8/22/2005 7:11:00 PM
From: tejek   of 1576885
 
RE:"Of course the treasury makes up for it with the inflated housing prices and the funny money being pumped into the economy thanks to homwowners cashing in"

Only marginally and indirectly. If someone pockets the $500k and sticks it in a savings account at 3% or a stock or another house...the treasury virtually gets nada.

True, the treasury gets nothing, but its good for the economy by encouraging investment, and that, in turn, helps the US treasury.
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