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Strategies & Market Trends : ahhaha's ahs

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To: Elsewhere who wrote (2505)	6/22/2001 11:43:55 AM
From: ahhaha	Read Replies (1) of 24758

Do you want to imply that tax incentives for broadband equipment are better? Tax cutting should be done across the board without any cherry picking. Grove is doing the same thing Kohl is. How do you know that today's technology isn't superseded by some unknown "superband system"? You don't. Tax incentives are just as bad a way of interfering with the free market as the many Fed "saving the world" procedures. This is throwing the baby out with the bath water. Something constructive gets a bad name because fools abuse it. Tax cutting is good. Tax incentives per se are definitely misallocation of capital even when applied to presumably added value activities. What is added value now may change. One must distinguish between tax cutting as incentive and tax incentive. The latter arbitrarily targets some intellectually specified beneficiary because it presumably will bring about some desired good. The former merely undoes what should never have been done in the first place, constraint on people creating wealth. I am not against a general cutting of tax levels. I oppose cutting taxes for specific targets identified by government. This is what the socialists are against because they see it as "merely a giveaway to the rich". The targeted cutting attempts to keep the money out of the hands of the rich, so you can see there is societal engineering going on with this tax incentive nonsense which only is a redistribution of wealth. The socialists believe that cutting taxes benefits the rich when in fact it's the low end that benefits. The rich end up paying more taxes. It is, but not officially. Some scientists estimate the "black", i.e. tax-free market, to have an annual volume of DM 500 billion in Germany. That segment is pure capitalism. The black market is the only thing keeping the ECU together and preventing Europe from collapsing into the Dark Ages. The original contention was "providing small businesses with tax incentives for buying broadband equipment and services" You have assumed that "providing small businesses with tax incentives" could be specified so monies not taken by government would go to "for buying broadband equipment and services". It isn't possible to fine tune tax incentives like this. How could government decide what was BB equipment? Actually, it's Groves who is acting like a hack. Losing money makes all the greats look like clowns. So does age.

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