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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: see clearly now who wrote (98009)5/28/2009 7:33:39 PM
From: Skeeter Bug4 Recommendations  Read Replies (1) of 116555
 
>>..its a very good form of Tax because it encourages frugality, saving and collection.. saves on professional Tax dodging fees and schemes including the inherent regulatory, policing and legal-judicial costs that are value-subtracting to an economy<<

yes, but no tax will fix a spending problem. instead, it will enable the spending problem.

>>...and very important as you mentioned, is it allows the reduction of other individual and corporate taxes that might discourage innovation and hard work!<<

cut taxes? with a $3.5 trillion cash need ($2 T for deficit, $1.5 T to re-up maturing debt), i assume you were making an attempt at humor when you mentioned tax cut.

the math doesn't work. the math doesn't lie - the system is broken.
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