Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: ehasfjord who wrote (62375)	11/9/2002 3:55:46 AM
From: chaz	Read Replies (2) \| Respond to of 77400

Many will, I suspect, disagree with you and Steve Forbes. I do. A Flat Tax, at any rate, penalizes the lowest level earner far more than it does the highest level earners. There are complaints today that almost any tax change (dividend exclusion, capital gains) favor the rich more than the poor. In a Flat Tax environment, these complaints would soon become a roar that could not be ignored. A Value Added Tax environment would produce a lower growth economy when times were good, and a deeper recession when times were less good. Since the poorest have the fewest opportunities to save, their tax rate would always be higher. Such a formula would also produce a roar. Our present system is flawed of course, but not so much so as either of these two ideas would be. chaz