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Politics : Politics as Usual
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To: Valley Girl who wrote (4)3/31/2000 2:31:00 PM
From: Charles Tutt  Read Replies (2) of 8
 
Utility theory SUPPORTS fairness; they're not at all inconsistent. It's just a question of what IS fair? Is it fairer for everybody to give the same percentage of DOLLARS, or of PAIN (given that the two aren't linearly related)? Your "bottom-end cutoff" is just another way of recognizing the same effect (unless you simply think it's more efficient from a tax collection standpoint to not bother with the minimal dollars available at the low end). It's the old "you can't get blood from a turnip" thing.

JMHO.
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