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

To: Jim McMannis who wrote (251689)	9/17/2005 12:16:46 AM
From: combjelly	Read Replies (1) \| Respond to of 1575795

"Another example of don't tax you don't tax me, tax that guy behind the tree." Not really. It is an example of social engineering though. The idea is that everyone needs to work to have a decent stake in society. If you are at the top, you have to work less than those at the bottom, but some minimal effort needs to be exerted. Why should a Paris Hilton skate through life because a n'th ancestor worked hard? She is a parasite, and her parents likely were. Everybody should have some stake in progress or we go the way of every empire that preceded us. Look at Galveston, they were one of the wealthiest cities, probably the wealthiest city in the US on a per capita basis. But the bulk of the wealth was concentrated in a few families(the Moody's, Stewart's and to a much lesser extent the Kempner's), and they liked the status quo. Even if the Great Storm of 1900 hadn't of happened, Galveston would have drifted down. Yeah, ok, until her death, the wealthiest woman in Galveston lived behind the Dairy Queen, but that is more an accident of circumstance than an expression of egalitarianism. And her son, Shearn, is/was totally worthless. For better or worse, money is power. To cede power to someone just because their ancestors did good work is a formula for disaster. If you restrict that power to one or even two generations that will work. To cede that power forever is a recipe for disaster.

To: Jim McMannis who wrote (251689)	9/17/2005 10:31:00 AM
From: bentway	Read Replies (1) \| Respond to of 1575795

"Trouble is that that money has already been taxed." Jim, that's just such a bogus argument. Every time I make a purchase, my income taxed dollars are taxed AGAIN at the check out counter. When I fill up my car, my income taxed bucks are taxed again for the gas. Hell, when I pay my federal income taxes, my income is taxed AGAIN by the state, so when I make a purchase that's the THIRD time they've been taxed. If I earn income working, then invest it, when I realize the cap gains, it's taxed again. As a LIVING PERSON, I'm here to complain about it. The dead aren't, just their whining heirs, that did nothing to earn the money anyway.