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

To: Gus who wrote (537350)	2/8/2004 10:56:20 PM
From: Lizzie Tudor	Respond to of 769670

no, theories are fine but applying them to real world situations with hundreds of variables that are not pristine and denying any affect is mumbo jumbo. For example, the situation we have is an overtaxed labor force. We tax workers for all of the entitlement boondoggle. 15K/year. Then the income taxes. Passive income taxes have been cut to the bone. Labor pays for everything, this is just 20 years of neglect. Here comes globalization and our labor isn't competitive and wage pressure plus joblessness ensue. Now we have the mother of all deficits! Was this forecast in the theory of comparative advantage? NO! Now in order for my employees to get a job which they desperately want we are going to have to compete with india where there are no taxes on workers. So is Bush going to cut fica? Because if he isn't then they won't be working. But if he does that what happens to senior entitlements particularly since he just INCREASED that mess by another 500 billion? See what I mean? Theories are fine in a vacuum but these are real people I am talking about.