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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Skeeter Bug who wrote (14065)5/10/2001 9:52:24 AM
From: nasdaqian  Read Replies (1) of 42834
 
i don't consider what you said to counter what i said at all. you just added information. let's say joe 6 packs tax cut is $100. how big will the inflationary component be in order to reduce joe's purchasing power? not big at all. of course, steve forbes has no worries. the $10s of millions he'll save will more than offset any "inflationary component."

I think you just proved that joe should hope for a tax increase, whereby his purchasing power will go up!

Seems to me taxes going into the gov. don't just fall into a hole. It is spent also, just somewhere else. Nullifying your supposed inflationary affect caused by a tax cut.
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