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

To: Jacob Snyder who wrote (43045)	3/4/2001 7:17:32 PM
From: michael97123	Respond to of 70976

Jacob, You are still overlooking the role the American dollar and debt plays in the world economy. US is not Alaska. US is the central piece of the world economy. But I agree, for the most part, balanced budgets make sense. The current national debt continues to be reduced in real size as it becomes a smaller percentage of the national economy. Mike

To: Jacob Snyder who wrote (43045)	3/5/2001 3:20:23 AM
From: frozenchosen	Respond to of 70976

Jacob and the thread: I must point out that the Alaska Permanent Fund Dividend is usually taxed as ordinary income so it also funds the federal government as well. Many rich folks can live very well on long term capital gains. These people pay a top rate of 20%. Increase the top ordinary income rate and you'll find more top executives being compensated with more stocks and less cash. The rate cut for the top 1% is simply political hot air. The fact has been mentioned before, but the current tax rates are above the optimum point in the elasticity of demand curve. If the tax rates are lowered, the government revenue will increase. Keep Smilin' FC