Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Night Trader who wrote (50872)	6/10/2004 5:45:05 PM
From: Seeker of Truth	Read Replies (2) of 74559

Of course the rich should pay more taxes. They make more and as you say benefit more. On the other hand they are always exerting themselves to reduce their taxes. Most of the rich capitalists are short sighted. Reducing their taxes inevitably reduces money for public education and that reduces the productivity of society, increases the crime rate etc. etc. In the end they have a rotten society where it's hard to make money. They are only thinking about NOW. I believe that the progressiveness of taxation, within some limits of course, is one of the best indices of a good country in which to invest.

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