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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (159631)	1/31/2003 7:45:54 PM
From: TimF	Respond to of 1583688

The funny thing is that taxes is a great motivator to make rich people LESS honest, Yes the higher the tax rate the more incentive to look for loopholes and tax shelters, legal or otherwise. High tax rates do not just encourage dishonesty, they encourage hiding money in other countries (where it can't help our economy) and they encourage less efficient investment as the money is spent in ways to avoid taxes rather then it ways to get the maximum likely return. Tim

To: Tenchusatsu who wrote (159631)	2/2/2003 7:09:57 AM
From: hmaly	Respond to of 1583688

Tench Rd....This is the key point that AS does not want to concede. It's like to him, taxes are some sort of tool to keep rich people honest. The funny thing is that taxes is a great motivator to make rich people LESS honest, not to mention lots of upper-middle class citizens and small business owners. Talk about less honest. Both AS and Ted are using a bogus article about how the richer have become so much richer lately. However that article is based upon a period from 98 to 2001, the exact period of the bubble in the Naz, and most of those noveau rich on that list, were there because of that bubble. If you took the time period from 2001 to 2002, using the same parameters, that study would show that the rich are going down comparatively just as fast as they went up. Just who do we think lost the three trillion dollars the market lost in the last 2 yrs, the poor? there is an old saying that figures lie, and liars figure. That saying would be appropriate here.