SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?


To: ColtonGang who wrote (3846)10/29/2000 9:05:07 AM
From: puborectalis  Read Replies (3) | Respond to of 10042
 
NYT Editorial today.........

Al Gore for President

Despite all the complaints about the
difficulty of falling in love with either Al
Gore or George W. Bush, these two very
different men have delivered a clean,
well-argued campaign that offers a choice
between two sharply contrasting visions of the future. Even though Vice
President Gore is a centrist Democrat and Governor Bush has presented
himself as the most moderate Republican nominee in a generation, they
have sketched very different pictures of the role of government and how
actively the president should help families secure adequate education,
health care and retirement. This is also the first presidential campaign in
recent history centered on an argument over how best to use real,
bird-in-the-hand resources to address age-old domestic problems while
also defining the United States' role in a world evermore dependent on it
for farsighted international leadership.

Having listened to their debate, we today firmly endorse Al Gore as the
man best equipped for the presidency by virtue of his knowledge of
government, his experience at the top levels of federal and diplomatic
decision-making, and his devotion to the general welfare. We offer this
endorsement knowing that Mr. Bush is not without his strong points and
that Mr. Gore has his weaknesses. But the vice president has struggled
impressively and successfully to escape the shadow of the Clinton
administration's ethical lapses, and we believe that he would never follow
Bill Clinton's example of reckless conduct that cheapens the presidency.
Like Senator John McCain, Mr. Gore has been chastened by personal
experience with sleazy fund-raising. He has promised to make campaign
finance reform his first legislative priority, whereas Mr. Bush is unwilling
to endorse the elimination of special-interest money from American
politics.

We commend Mr. Bush for running a largely positive, inclusive
campaign. He has not reviled government like Ronald Reagan in 1980 or
played on divisive social themes as his father did in 1988. But on
women's rights, guns and law-enforcement issues, he has a harsh agenda,
and the centerpiece of his domestic program is a lavish tax cut for the rich
that would negate the next Congress's once-in- a-century opportunity to
move the country toward universal health care and stabilization of Social
Security and Medicare.

Leadership

Mr. Bush has asked to be judged by something more than his positions.
He offers himself as an experienced leader who would end the culture of
bickering in Washington and use wisdom and resoluteness in dealing with
domestic social problems and international crises. But his résumé is too
thin for the nation to bet on his growing into the kind of leader he claims
already to be. He does have great personal charm. But Mr. Bush's main
professional experience was running a baseball team financed by friends
and serving for six years as governor in a state where the chief executive
has limited budgetary and operational powers. His three debates with
Mr. Gore exposed an uneasiness with foreign policy that cannot be
erased by his promise to have heavyweight advisers. John F. Kennedy,
as a far more seasoned new president, struggled through the Cuban
missile crisis while his senior advisers offered contradictory advice on
how to confront a Soviet military threat on America's doorstep. The job
description is for commander in chief, not advisee in chief.

The vice president has admitted to his limitations as a speaker. But Al
Gore has a heart — and a mind — prepared for presidential-scale
challenges. When it comes to the details of policy making, he will not
need on-the-job training.

Taxes and the Economy

Preserving the nation's remarkable prosperity must be considered the
thematic spine of this election. Mr. Gore helped stiffen Mr. Clinton's
resolve to maintain the budgetary discipline that erased the federal deficit,
stimulated productivity and invigorated the financial markets. Now, Mr.
Gore and his running mate, Senator Joseph Lieberman, promise to
maintain fiscal rigor while using the surplus on spending programs and tax
breaks for the working families that profited least from the biggest boom
in American history. More specifically, Mr. Gore would seize this
opportunity to improve the environment and spend more money to hire
teachers and build schools. We like his capitalism with a conscience
more than the trickle-down sound of Mr. Bush's compassionate
conservatism.

To be blunter, Mr. Bush's entire economic program is built on a stunning
combination of social inequity and flawed economic theory. He would
spend more than half the $2.2 trillion non-Social Security surplus on a tax
cut at a time when the economy does not need that stimulus. Moreover,
as Mr. Gore has said repeatedly and truthfully, over 40 percent of the
money would go to the wealthiest 1 percent of taxpayers. Mr. Bush
would expand some programs for schools, but he also embraces the
Republicans' ideologically driven approach of using vouchers to transfer
money from public to private schools. There is nothing compassionate or
conservative about blowing the surplus on windfalls for the wealthy
instead of investing it in fair tax relief and well-designed social programs.

The nation's biggest domestic need remains universal access to health
care. Neither candidate would move as fast as we would like. But Mr.
Gore has outlined steps that would start us down the road to covering the
45 million uninsured Americans. He would expand Medicare, guarantee
prescription drugs for seniors and provide more opportunity for the
uninsured to obtain coverage. Mr. Bush favors a bipartisan approach on
these issues, but his proposals have seemed reactive rather than driven
by an inner passion.

Mr. Gore's commitment to Social Security is deeply rooted, too, and
more responsible. His proposal to supplement the system with personal
investment retirement accounts is superior to Mr. Bush's plan to privatize
part of the system. The governor's scheme would siphon money out of
Social Security at the very moment when both seniors and younger
taxpayers want to see long-term fixes to ensure its solvency.

Foreign Policy

Upon his arrival in Washington more than two decades ago, Mr. Gore
set out to master the intricacies of arms control and foreign policy. He
broke with his party to support the war against Iraq in 1991. He was an
advocate of military force in the Balkans, and today he calls for a more
muscular approach to using American forces to protect the country's
security interests and prevent genocidal conflicts abroad.

We have expressed concern here that Mr. Gore might sometimes be too
eager to project power overseas. But it is also true that Mr. Bush's
repeated objections to using troops for peacekeeping and nation-building
do not add up to a mature national- security vision. Neither does his
promise to rely on his running mate, former Defense Secretary Dick
Cheney, and his likely secretary of state, the retired general Colin Powell.

Mr. Gore will have advisers, but he will not need a minder. He
understands that in order to influence the allies an American president
must lead from the front. He has already been eye to eye with the world's
leaders. While Mr. Bush has a contracting definition of national security,
Mr. Gore has been in the forefront of redefining it to include issues of
health and environment and the containment of regional conflicts that can
metastasize into threats to world peace.

Rights and Values

Mr. Gore has said that abortion rights are on the ballot in this election. So
are other issues such as civil liberties, environmental protection and gun
control. The next president may appoint up to five Supreme Court
justices and thereby exercise a lasting impact on the daily lives of
Americans. A court tilted by conservative Bush appointees could
overturn Roe v. Wade and assert a doctrine of states' rights that would
take environmental protection out of federal hands. Ralph Nader and his
supporters are not simply being delusional when they say there is no real
difference between these candidates. They are being dishonest, and
dangerously so.

Mr. Gore brings a lifelong record of protecting basic rights for women,
minorities and gays, while Mr. Bush has almost no record at all. The vice
president has been the driving force in this administration's environmental
successes, and he understands the need for federal regulation for
environmental tasks like saving the Everglades and for American
leadership to combat global warming. Mr. Bush is for an unrealistic
regimen of negotiating with industry on air and water problems and for
letting the oil companies loose in sensitive areas.

The Real Choice

Most citizens know that Mr. Gore wins any comparison with Mr. Bush
on experience and knowledge. Yet many voters seem more comfortable
with Mr. Bush's personality and are tempted to gamble on him. We do
not dismiss this desire for someone who they feel does not talk down to
them and would come to the White House free of any connection to Mr.
Clinton's excesses. But it is important to remember that the nation's
prosperity, its environmental progress and its guarantees of civil rights
and reproductive freedom took years to build. They could be undone in a
flash by a pliable and inexperienced president driven by a highly
ideological Congress.

Mr. Gore does have a tendency to be patronizing and to exaggerate. But
he has a career of accomplishment that can stand on its own without
exaggeration. Despite his uneven performance in the debates, the content
of his campaign in these final days demonstrates how much he has grown
in the last year. Voting for him is not a gamble on unknown potential.

We support Albert Gore Jr. with the firm belief that he will go just as far
in bringing "honor and dignity" back to the White House as Mr. Bush,
and that he will bring an extra measure of talent and conviction as well.
His seriousness of purpose, his commitment to American leadership in
the world and his concern for those less fortunate in American society
convince us that he will lead the country into a creative, productive and
progressive era at the beginning of the 21st century.



To: ColtonGang who wrote (3846)10/29/2000 12:55:45 PM
From: Ben Wa  Respond to of 10042
 
If Bill Gates paid 100% of the personal income taxes of the nation, then by definition, any reduction in personal income tax rates would disproportionally benefit him. Because in this country, we have a system where people who earn more on a pretax basis are taxed at higher rate as they make more, then it is a mathematical artifact that an overall x% reduction in personal income tax rates will see those who currently have the highest tax rates save the most money in terms of dollars. But that should not be surprising. If John currently pays $100,000 in taxes and gets his taxes reduced by 5%, he saves $5,000. If Harvey is currently paying $10,000 in taxes and gets a reduction of 5%, his tax savings is $500. Gore would argue that this scenario is unfair, since of the $10,500 tax reduction, 95% of the benefit goes to the wealtier person. Instead, Gore proposes tax reductions that increase the steepness of the progressive tax structure, meaning that a disincentive is created for getting ahead. By making the tax code more complicated, Gore increases incentives to hide income via complex tax shelter strategies, which removes what could be a productive use of money from future economic growth. A flat tax similarly on the surface benefits those considered wealthy right now. What flat tax detractors fail to tell you is that it the cost of collecting taxes would drop like a rock also, so that instead of it costing the government 30 cents to collect a dollar in taxes, it might cost 5 cents. The result of that would be that Americans could actually pay less in taxes and the feds would end up with the same dollars in the kitty. Taking it a step further, tax revenues into the government would actually rise if everyone had to pay a flat 17% rate and if there were no tax shelters. For those like Gore who view the tax code as a way of social engineering, having more money to play with would create more money for social programs. The problem with Gore's tax plan is, that instead of creating a tax code that will increase revenues flowing into the government, he complicates the tax code, making it more expensive for the gov't to collect each dollar. Secondly, the increase in the slope of marginal tax rates create a disincentive for work and income. The result is that tax receipts into the government are hindered and there is less money to dole out for his pet social programs. Bush's tax idea is imperfect, but at least it is a step in the direction of a flatter tax structure, which like I said earlier, makes for an incentive for personal work and financial gain.



To: ColtonGang who wrote (3846)10/29/2000 1:48:40 PM
From: Selectric II  Read Replies (2) | Respond to of 10042
 
If a degree candidate were to cite the New York Times as a factual basis for serious economic analysis, s/he likely would receive the same grade as Gore received in his divinity and law studies: "F."