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Pastimes : My House -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (2194)	10/5/2002 6:12:53 PM
From: Poet	Read Replies (1) \| Respond to of 7689

Tim, I don't think we disagree about much of what you said in the post to which I'm responding, but I do take issue on some points here: Its not just that it discourages work, it dicourages investments. If the after-tax expected returns on investments are less people might forgo the investments. And when they do invest higher taxes distort the investment away from what has the highest expected risk adjusted return (or the most efficient investment) to those that are effective tax shelters (legal or otherwise). Some may love to work (or invest) but the total amount invested will be lower and the average return will probably also be lower. I disagree that taxes discourage investments. Like political views, I see peoples' views on money (spendthrift? credit card floater? saver? skin flint?)as pretty fixed by the age of thirty and essentially independent of current wealth.