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Politics : Formerly About Applied Materials

AMAT 252.25

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Nov 28 9:30 AM EST

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To: mitch-c who wrote (43369)	3/8/2001 11:10:07 PM
From: Jacob Snyder	Read Replies (2) of 70976

re: your tax plan: 1. the purpose of the tax code is to control citizen's behavior. Every time our legislators want us to do something, they give us a tax incentive. Every time they want us not to do something, they tax it. Over the years, they have thought of many, many things they want us to do (or not do). Your plan would mean giving up that power, and I don't think our elected leaders (of any party) want that. 2. do you include all income (capital gains, dividends, etc.) in your "earnings"? Or just wages? 3. The inflation-adjusted minimum wage has been declining since the 1950s. Today, you cannot provide the minimum necessities of life for a family, with a full-time minimum-wage job. Instead of M*MY, it would be fairer to use whatever amount provides for a family's necessities, and adjust it for inflation.

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