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Politics : Formerly About Applied Materials
AMAT 226.05+1.3%Nov 14 9:30 AM EST

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To: Katherine Derbyshire who wrote (42992)3/3/2001 6:01:12 PM
From: Proud_Infidel  Read Replies (2) of 70976
 
Re: >>There are many middle class people making decent incomes, yet are unable to save any money whatsoever. <<
Unable? Or unwilling?



Unable

Even most of the people who can "afford" luxury items such as SUV's are really cash starved. 91% of all Jaguar's on the road are leases, not outright purchases. Debt plays an increasingly major role in the lives of modern Americans, partly because of rampant consumerism, but also because of oenerous tax burdens.

This ultimately is a question of whether one believes in Big Government or not. Government is by nature not as efficient as the private sector; it is horribly inefficient. How many people would even consider writing a check to the government on behalf of social programs? One would be a fool to even consider doing so over private charities already in operation, yet that is exactly what you would have us do by not going forward with tax cuts.

BK
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