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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (42993)	3/3/2001 8:02:41 PM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 70976

You're missing my point, Brian. I wasn't arguing for or against tax cuts, just pointing out that the savings rate argument is a straw man. Someone who chooses to lease a Jaguar instead of putting money in a 401K plan isn't going to suddenly start saving because you cut the tax rate. (In fact, by cutting the tax rate you reduce the tax advantages of 401K plans.) If we're going to set up straw men, isn't the low savings rate an anti-tax cut argument? A retiree with no savings is completely dependent on Social Security to maintain his standard of living. Katherine

To: Proud_Infidel who wrote (42993)	3/3/2001 8:19:08 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

, but also because of oenerous tax burdens. Interesting concept but I think it falls short of reality. I have been in numerous third work countries, (Rep. of the Congo, Zaire, Zimbawe, Zambia, Etheopia, Brazil, Paraguay, Bolivia) and these countries have almost no taxes and in some cases absolutely no taxes (That are collectible). But the citizens of those countries all want to live in America so they can pay some oenerous taxes. Are they all sick?I have some millionaire friends that are always bitchin' about taxes, and when I give them a list of countries where they can live tax free. ( Congo, Liberia, Sierra Leone, Afganistan and a few other places I had not thought about) they become indignant. What they want is the American lifestyle all the 911 services without having to pay for it. To that I would say, take a long walk on a short pier. Jerome