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To: Investor-ex! who wrote (35226)	6/12/1999 5:09:00 AM
From: d:oug	Respond to of 116759

Investor-ex, could you please explain what I am missing when I see a short and easy explaination to the question: "I guess what I still can not grasp is why the dollar would not have a drastic drop in value when it seems so obvious that debt can [be] created and forgiven out of nothing." If the USA government steals 25% of its citizens earning from their work paycheck thru the means of taxation, then what difference does it make how the USA government distributes this money, for examples: - hire and pay ten government workers to do the work of one person - hire and pay government workers to do non essential work - give money to help those in need, with 99 cents on dollar for overhead I think we all agree that if each government service was run like a private company, that a tax from all would be 10% rather than 25%. And if this happened with the additional conditions of no pork barrol, no corruption, no non essential and proper ongoing maintence like roads and bridges, then taxes of 5% would be correct. So to me it makes no difference where the government puts the money, the lost is already factored in at tax time. The money the government takes from us is "understood" 90+% wasted from moment zero. So if they loan it to another country and get repayed the loan, the money will eventually be wasted in another government payment to something that does not add value to the economy. Another way I can see a lost here is thru that saying that the rich get richer, and the poor get poorer. All that tax money goes someplace. Loan it to a country and eventho they cannot pay it back, those high government officials in that poor country did buy nice expense car and boats from some other countries stores. Doug