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To: Mark Adams who wrote (3139)	10/17/2001 3:57:53 PM
From: frankw1900	Read Replies (1) of 24758

What do you mean by a 'wealth tax'? Tax on $ in the bank? Real property? Financial instruments? I think they're all lousy because they reduce the possibility of income/investment which might come from the wealth. And they coerce folk to do silly things to hide their wealth and worse, make folk on fixed incomes poor. A manufacturers' sales tax, such as they had in Canada for a long time, has the same effect. Used to drive me nuts - they were taxing me on the cost of equipment and I hadn't made dime one with it.... Taxes seem to be a necessary evil. Why make it worse with mania for taxing everything? Tax a surplus - net income. Nobody gets too bitter about that.

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