THE WHITE HOUSE Message Board

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Politics : THE WHITE HOUSE

SPY 689.52

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4:00 PM EST

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To: JDN who wrote (3123)	3/26/2007 12:41:46 PM
From: DuckTapeSunroof	of 25737

"I agree, of course the people with huge mortgages would bitch to all end, but truth is, its UNHEALTHY to have so much debt." You are ABSOLUTELY correct. (And, I see NO GOOD REASON why the government should encourage DEBT over any other form of finance --- for example: savings, equity issuance, etc.) It's just flat-out unhealthy economically. Anyway... if the flat tax and elimination of special carve-outs in the tax code was phased in over a couple of years --- I expect that 99%+ of everybody would be EXTREMELY HAPPY with the new very low tax rate... and housing would do just fine. (Likely only certain corporations or individuals --- used to avoiding all taxes because of their use of extreme leverage and or other tax dodges --- would be doing all the carping....)

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