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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike Hermann who wrote (54520)	6/18/2000 10:39:00 AM
From: eichler	Respond to of 99985

mike, (OT) Easy answer. Reverse Robinhoodism. Steal from the poor, give to the rich! What else have any kind of taxes ever accomplished? Waste? Systematic destruction of our planet (environment- air, water, land pollution)? To blast useless junk into outer space? To make more bombs to blow up? More blow jobs for the prez? (Yeah, we paid for that!) For every one cent of good that tax revenue generates, there is surely 99 cents of waste, inefficiencey, wealth redistribution.... Guess you can tell I'm a big fan of taxation....without representation. (Sham representation doesn't count to me). But don't expect it to ever change. At least not until the human race is finished. Eicher (I had no idea I was so pessimistic)

To: Mike Hermann who wrote (54520)	6/18/2000 7:04:00 PM
From: KyrosL	Read Replies (1) \| Respond to of 99985

If you tax energy and neutralize the result by reducing income tax rates and increasing the earned income credit, you end up with much better energy efficiencies for the long term (like ten years from now) when oil production will start to wane, and OPEC will REALLY have us by the balls. The net tax is the same, so you are not hurting the economy. Europe and Japan produce roughly the same per capita GDP as the US but only spend half or less energy per unit of GDP. Their energy taxes are huge compared to ours. If we wait for the market to do the job for us, we are in for a huge surprise, because the market in oil is rigged by OPEC. And they are preparing a very nasty surprise for us which will become apparent in less than ten years. Kyros