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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Gordon A. Langston who wrote (482229)	10/27/2003 1:32:31 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769667

Re: "It would take an extended analysis in the future to find out...." >>> Yep, that is correct... too soon to be sure of the effects. >>> For example, is the 'luxury tax' causing people to buy cheaper, more fuel efficient cars? >>> Or is it merely causing them to forgo purchases of luxury autos just for now? ...In which case, as their older autos eventually wear out, purchases will resume, having been merely delayed, not abandoned.

To: Gordon A. Langston who wrote (482229)	10/27/2003 2:27:38 PM
From: TigerPaw	Read Replies (1) \| Respond to of 769667

Prestige luxury cars are not bought by the wealthy because they are a good value for the money, they are bought to show others that they can afford them. It is unlikely that a hike in sales tax will change the behavior of conspicuous consumption. TP