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Technology Stocks : All About Sun Microsystems

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To: briank who wrote (64508)12/24/2007 3:12:00 PM
From: shoe  Read Replies (3) of 64865
 
I always feel worried and discouraged when I hear people advocating value-added taxes. Value-added taxes are insidious. The average taxpayer has no way to track the amount of tax being collected because it is buried throughout multiple stages of the manufacturing process. Value-added taxes ruined Britain. By the time I visited in 1985, everything that was not nailed down was taxed. The average wage earner had very little disposable income to do anything with.

The other discouraging commentary I keep hearing is the constant drumbeat to tax the rich. Why do people think they have the right to take other people's money just because they think they have some good cause to fund? The top 10 or 25% of wage earners already pay over 70% or more of current income taxes. Most of this "revenue" collected goes down the rat hole to bridges to nowhere or someone's pet museum or huge, poorly funded transportation projects like that huge tunnel in Boston or the proposed BART system out here in the SF Bay Area. The reality that our Republican Congress has been profligate is a huge disappointment. We really need another party.

Although you may think so, you do not have the right to take wealthy people's money simply because they have been successful and other people are poor. An inherent principle in our legal system and American culture is that people should not be punished for being successful. Our people and government have been increasing violating that principle for years, and when it disappears we will cease to be a democracy.

The bottom line for most people is that that they have to look in the mirror and admit that they are running up too many expenses on their credit cards. People in debt get poor, unless the debt is acquired for a well-vetted purpose such as starting a business. Do you really need the newest car, cell phone, or plasma TV? Most of you need to get a budget, stand on your own two feet, and take care of your own families. Self reliance breeds self confidence. That used to be a bedrock Republican principle.

Sorry for the rant. Merry Christmas.
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