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To: flatsville who wrote (107948)	6/10/2001 9:35:49 PM
From: GraceZ	Read Replies (1) \| Respond to of 436258

Quite a dissertation over that one line Flats. -g- I'm quite familiar with arguments on both the conservative and the liberal sides as to how to deal with the "poor" in this country. Maybe you should have asked me what I meant by that statement before you go off in what I'm assuming is your argument against the Republican plan of pushing faith based initiatives. >>>This is where he excuses his own prejudice against wealth. The prejudice against wealth in this country doesn't take food off the table of the rich child but it does wind up justifying confiscatory tax laws which oddly enough wind up taking food off the table of poor people.<<< Confiscatory taxes tend to reduce economic activity simply because they provide a disincentive to create income as well as encourage the creation of tax shelters. The idea that you can get the rich to share a bigger burden than they already do by raising marginal rates or keeping them high tends to backfire. Simply because when the tax rates are high the rich tend to structure their money making ventures to avoid taxes. When the marginal rates are lower they simply pay the tax because it isn't worth it to them to go through the shenanigans of sheltering income. Reduced over all economic activity hurts the people on the lowest rungs first. The money shuffle game hurts everyone because you wind up with a lot of entities that don't add any economic value (unless you are counting what they do for the accountants and tax attorneys in the country). If you raise taxes far enough you even wind up with a situation where you have capital flight out of the country. So in the effort to sock it to the rich you inadvertently sock it to the poor.