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

To: DuckTapeSunroof who wrote (696484)	8/24/2005 1:26:39 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 769669

"Greatest good for the greatest number of people.... That is (or should be) one of the guiding principles for government policy." I would suggest least harm to the lest people is much more important. What about taking private property that for another private use? "My REAL reason is that I believe a well-designed (not too high rate, high wealth threashold to trigger) estate tax produces FEWER HARMS to society and the national economy then EITHER taxes on WAGES, or taxes on CAPITAL GAINS or INVESTMENT EARNINGS" Estate taxes create disruptions in the economy. It has taken millions of family farms. It has caused the premature sale of perhaps millions of family corporations. The FFs allowed the feds to impose tariffs if I recall. It seems like this was their primary source of revenue. We now know that tariffs are bad. A simple flat wage tax would work. Everyone pays. When you have free riders the demand for services increases. Everyone pays. No taxation without respiration.