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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (222275)3/6/2005 12:13:59 AM
From: SilentZ  Read Replies (3) of 1575622
 
>If you exempt food, drugs, housing, selected other necessary items, you can end up with something that is paletable to liberals.

Yes, you can, but you neglect the other use of taxes -- social engineering.

>And the surge in economic productivity that would result would be a rising tide lifting all boats.

My friend, who's a PhD student in economics, says that his studies say just the opposite... and Greenspan's comments bear this out. You have a national sales tax (consumption tax, whatever), to encourage savings, which lowers consumption and reduces productivity.

-Z
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