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Politics : PRESIDENT GEORGE W. BUSH
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To: David Lawrence who wrote (314690)11/5/2002 4:26:10 PM
From: TigerPaw  Read Replies (1) of 769670
 
In a free market, economic compensation is usually commensurate with the economic value of the contribution.
Which is why the people who earn more keep more under a progressive rate. Note that is true of flat tax or other schemes, but the point is that fundamental tie between earnings and retained earnings is not broken. It's really quite like the historical models. Lets say that productive people are payed in sheep and goats. There is a point where the earner can't eat anymore sheep and goats nor milk them or anything else. That sort of common sense feedback is broken in a purely cash transaction since there is no real limit to the number of zeros that can be added on the end of a number.

The free enterprise market is not always 100% efficient

You are still mixing up a varety of ideas like a tarball picks up sand at the beach. There is nothing in a progressive tax that ends the free enterprise system.

more efficient than government attempts to redistribute of wealth.
There is nothing in a progressive tax system that addresses how the revenues are distributed. That is a question about the role of government and not how that role is financed.

This is really a question of checks and balances and of the inevitable revenue requirements of a common country. There are many issues in the government budget process, but they are not directly tied together.
TP
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