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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (129399)12/9/2000 8:01:17 PM
From: TimF  Read Replies (1) of 1570084
 
Clinton signed the largest targeted tax cut in history and Ag is having a hard time slowing down the economy. Targeted tax cuts just skew the economy. Most of the time, bad.

Jim,

I know......the last 8 years have sucked big time!

ted

Frequently when people want to complain about a bad thing, they say the bad thing will screw everything up. The sky will fall and the world will end and its all going to be your fault because you support this bad thing...

Of course this is not true in a literal sense and it is rarely true at all. Targeted tax cuts are usually a bad thing. They make people look for ways to manipulate the tax code rather then just to do what they want to. If you do what the government wants they let you have some of your money back, and apparently you should consider it a favor for which you should be thankful. Also resources go in to analyzeing the tax code and avoidng taxes, and preparing more complex paperwork, that could be used for something actually productive. However anyone who claims they will lead to disaster will probably lose credibility when disaster does not happen.

I don't think that Jim was saying they were a disaster just that they were a bad thing. Lots of bad things can happen even in a period of economic growth and prosperity.

Tim
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