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Non-Tech : Let's end the national debt.

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To: Gersh Avery who wrote ()7/25/1999 11:06:00 PM
From: Skeet Shipman   of 109
 
Gersh,
Predetermining conditions and actions of the future is not a good idea. IMHO No matter how small the probability some situation unforeseen may occur.
In general, I view taxation as based on a few concepts. The primary one is real value added taxation, the present selling price or income greater than the increase from inflation. Relief from taxation is given to the truly needy. Inducements and subsidies have limited usage only in areas where free market supply and demand is unfunctional,either because supply or demand are essentially inelastic or risk avoidance has replaced greed. When risk avoidance is the primary motivator, the reason for it needs to be directly addressed; and guarantees are probably more effective than greed incentives. (Note that capital gains taxation is a valid tax of value increases above general inflation.)
Skeet
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