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Politics : View from the Center and Left

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To: Lane3 who wrote (7981)	12/23/2005 11:55:19 PM
From: TigerPaw	Read Replies (1) of 542750

Do you not think that at some level of taxation productivity will be lessened as the productive see less return for their efforts? I was talking about estate taxes in particular, and dead people are not very productive (Well, maybe Elvis). I think there are some benefits for leaving an estate so I do think there is some level where an estate tax is excessive. nd what is the probability that we get a dark ages scenario? How bad would it have to get for that to happen? We are currently in a positive-feedback mechanism. Basicly wealthy people have the ability to favor their children to a greater degree than merit can favor a random child. When this happens you can see two results, the rich/poor divide becomes greater and wealth specificly becomes consentrated in a few families. It only took the period of about the 1830s to the 1880s to create the full robber barron effect of the gilded age. Had that period of generational wealth accumulation not been disrupted we could already be in a dark age. Once a divide gets too great (Think South American societies) it is almost impossible to self correct. The dark ages only ended when the black-plague completely changed their society. TP

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