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To: long-gone who wrote (93968)	3/8/2003 7:21:42 PM
From: E. Charters	Respond to of 116836

People produce, government spends. If they dewonkled some of the excess fat from government departments, then the deficit would evaporate. I have never seen a tax reduction result in a bankrupt government. I have seen excess taxes and government spending result in hardship for the people however. Ireland and Norway reduced taxes and their economies boomed. The Western economies have become government incorporations. They are largely service sector. What do they mean by service? They mean civil service. No guff. Most service in a western G7 economy is government or guvmint controlled supply. No company can gain extreme wealth in this country without government mandated business, or government contracts. Their money is due to some license they buy from the govmint to supply services. Bell Telephone, CRTC, power, money lending, or the like. Canada is supposed to be 75% service economy. Now there are 1 million people in Canada working in the restaurant and food service trade. And Canada is supposed to be only 3% to 4% agricultural. So follow this. Canada's GDP is 65% the civil service. By this I mean that Civil service salaries and "production" or expenses are 65% of the gross money produced in the country. This means that 86.7 percent of that service economy is the government spending the other 35%'s money. And who are the other 13.3 per cent of the service sector? Well one million of them are making less than 8 bucks an hour serving food or chopping it up. One million people is 1/18th of the entire workforce. If we look at properly they are part of the remaining 13.3 percent of the service part of the economy and they make 3 times less than the government worker per capita. I hope the rest (bank employees, taxi drivers, consulting engineers, etc..) are rich indeed. 11 percent of Canada's workforce was in mines and related industry. They "made up" 40% of Canada's foreign exchange. Invaluable it would seem. But the governments decided to kill mining as it was perceived a sunset industry without the importance of banking, lawyering and other suction trades. What did the politicians replace good money earning miners with? Government workers, immigrants running dollars shops in cities, and $6.78 and hour restuarant workers. That and inflation. It can't go on like this forever. We will have everybody working in government and one farmer, one fisherman and one miner paying all their salaries. With no metal, no cod and burnt out pesticide laced soil. I hope the politicians can adapt to eating grass. They seem to like smoking it and dreaming of economic Spanish castles. EC<:-}

To: long-gone who wrote (93968)	3/9/2003 2:26:41 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116836

Based on past predictions when governments predicting deficits it is easy to assume the number will triple. Beside who will pay the taxes in US when not only manufacturing jobs are shipped overseas with the astonishing speed but even high tech high paid jobs are transferred with the speed of light via internet to countries like India, Taiwan, Russia, China. Oracle, Motorola, HP, Boeing. If you wish I'll post most of the well known names and numbers of tax dollars lost trough this shipments. There is a good reason why many states and municipalities are on the verge of bankruptcy. Every stick has two ends. While pushing for global economy US was sure they will be pure winner. Now they'll have to kill it. NAFTA is almost dead already.