Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (106997)	6/6/2001 7:36:02 PM
From: Skeeter Bug	Read Replies (2) of 436258

>>Tax cuts aren't inflationary if...<< there are no ifs. ;-) giving marginal money to everyone but minimum wage earners actually lowers inflation. ;-) >>you reduce or eliminate the stupid consumption incentives in the tax code. If you eliminate the EITC, the home equity interest and the mortgage interest deductions, and the various 'savings' plans deductions, the tax rates would go down from all, including savers.<< les, wow, those changes would start a wholesale rebellion. housing prices would plummet. i do agree that you wouldn't have to worry about inflation. more like deflation as spending drops drastically. politicos would have to worry about assassination!

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