Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (6620)	12/12/2005 9:31:23 AM
From: Suma	Respond to of 542201

Surely agree with these statements... emphatically.. Balance the budget and have a strong economy (they go hand in hand) 2. People will have different degrees of wealth. Some people will have earned it. Some people will have inherited it. Some people will get it through luck. Some people will get it through outright crooked means. Some people will get it through stretching the limits of lawful and honorable (moral) definitions. Some people will get by manipulating the system (eg Abramhoff, Delay, etc.). There are lots of people I know who got wealthy taking advantage of retired,trusting and naive retirees like myself...

To: Mary Cluney who wrote (6620)	12/13/2005 7:31:41 PM
From: TimF	Respond to of 542201

Taxes go up and down. The wealthy pay the most out of almost every tax increase, why should they not get the most out of most tax cuts? If they don't you are progressively increasing the amount paid by the wealthy making the economy more and more socialist. The wealthy will have less incentive to invest for more wealth and more incentive to put more effort in to finding or creating legal tax shelters, or illegal ways to hide income, rather then investing in such a way as to produce the largest return. If you cut you remove the poorest tax payers from the tax roles (a 100% tax cut), cut the taxes for the middle class by 10%, and the taxes for the wealthy by 7%, it is true that most of the tax cut "will have gone to the wealthy". But it is also true that the tax cut isn't tilted toward the wealthy, its tilted away from them. Tim