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Strategies & Market Trends : ahhaha's ahs
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To: KailuaBoy who wrote (329)10/20/2000 7:49:29 PM
From: ahhahaRead Replies (2) of 24758
 
The purpose of taxes is to make us equal. It's called the Robin Hood theory of economics. You take from the rich and give to the poor. Now what could be a more equitable arrangements than that?

Fairness is the greatest contribution a caring society could provide. Worship it or we'll kill you.

I think cutting taxes is good, but what would happen to all those people depending on taxes? They might riot. We have to pay to keep them down. We pay the protection money.

Wall Street doesn't like this tax cutting idea. They say it will cause the budget deficit to return and everyone knows that budget deficits cause interest rates to rise. It doesn't matter that for the entire decade of the '80s the budget deficit raged while taxes were cut, yet rates fell every year. What matters is what smart guys must believe however erroneous. The world doesn't care what Wall Street believes.

Dick Armey thought a 10% flat rate tax starting at 50k and no capital gains tax was a great idea. He gave up that idea because it wasn't doable. Something is good only if it is doable. Therefore, nothing good can be done.

90% of the economists agree with Armey, but they all have conditions. Each condition is an adjustment to make things fair which they think flat rate taxing would compromise. In the final analysis they all agree. It's more important that flat rate taxing be eliminated because their fairness points are far more important. This is the best that university intellect can create. The majority of Silicon Valley exces agree.
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