PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Peter Dierks who wrote (666601)	12/30/2004 5:35:39 PM
From: DuckTapeSunroof	Read Replies (2) of 769670

You ignored my question ('aren't ALL forms of income potentially involved in capital formation?'), didn't you Peter? So, I'll ask a different one, since you faded on the first: What gives the government any right to pick the winners and losers in society... or to favor one form of income over another? Doesn't that way just open the door to ENDLESS amounts of political manipulation into the economy, 'special tax preference items' favoring one campaign-contributing industry over another, disasterous wild lurches into 'national industrial policy' as the political climate in Washington swings back-and-forth, continuous high tax compliance costs sucking at the vitality of the economy, and lower economic performance as industries and individuals taylor their investing decisions to capture narrow tax benefits rather then true competitive advantage? Wouldn't our economic performance be stronger, more vital, and society better off... if ALL forms of income were taxed at the same rate, tax rates were uniformly lower, and most special preferences and special-interest loopholes were gone? How could ANY narrowly-crafted special interest loophole improve upon that scenario?

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