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To: Mary Cluney who wrote (128944)	3/3/2001 1:36:13 PM
From: Robert Salasidis	Respond to of 186894

Because if you unflatten the tax rate even further, it becomes a disincentive to productivity, and it increases the fleeing of capital out of the country (the same problem Canada has been facing but is unwilling to tackle). In general tax breaks to people that are able to spend the money (and by spend I include invest in the creation of new business) is more likely to result in a benefit to the economy. There are really no good arguments against a flat tax with a high basic exemption. The basic exemption is fair to the poor, and the flat tax maintains an incentive for the rich.

To: Mary Cluney who wrote (128944)	3/3/2001 2:17:24 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 186894

Mary, I hear the taxes of the richest 10% of Americans make up half of the Federal income. Obviously if you want an across-the-board tax cut, the rich will gain a bigger monetary cut no matter what. Even if you cut everyone's taxes by the same percentage, the Democrats will still complain and say that most of the tax cuts are going to the rich. The problem with cutting the taxes of only the non-rich is that we move even closer to the point where only rich people pay taxes (the inverse Leona Helmsley theory). You can probably imagine the problems with such a system. Tenchusatsu

To: Mary Cluney who wrote (128944)	3/3/2001 3:52:43 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Mary - Re: "Second, giving money back to the top 1% does not help the economy whatsoever." Once YOU DECIDE who shall and shall not get a tax cut, what will you be - "Queen" of America? The higher wage earners INVEST a much higher percentage of their income - INVEST in stocks, start-ups, capital formation, etc. In all likelihood, a tax rate cut for the higher income brackets will ultimately produce more growth in the economy. It will also INSPIRE lower income bracket people to work HARDER and SMARTER to become HIGH BRACKET people. Remember the Communist Manifesto - From Those according to their ability - To those according to their needs. Our current tax code is a Brilliant Implementation of the Communist Doctrine. Paul