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

To: tejek who wrote (283584)	4/20/2006 3:22:10 PM
From: TimF	Read Replies (1) \| Respond to of 1573143

"Hurt"? What does that mean to them? Instead of their new house having a ten car garage, it will have only 8 stalls? The size of their new pool will have to be cut down? That trip to Saint Tropez can only be for one month instead of two? So as long as they remain wealthy after you take some of their wealth any level of forcible confiscation of their wealth is acceptable? You recognize that tax rates move back and forth right? You apparently recognize (but don't care) that when the tax rates are increased the wealthy are hit for a larger increase than everyone else. Recognizing those facts you have to either accept 1 - Ever increasing taxes on the rich, or 2 - That the wealthy will benefit more than everyone else when tax rates go down. There are no other alternatives except maybe fixing taxes rates so they no longer move up and down, and that isn't very likely to happen. Given that no nation has an economy that is truly laissez-faire, the US economy is about as close as you can get. The US economy is far from as close as you can get. The very idea that the wealthy in this country are getting the royal screw! I did not say that they are getting the royal screw. However if tax rates move up and down, and the wealthy can be hit by increases but can't benefit from reductions, eventually they will be getting "the royal screw", and then later the country as a whole will be screwed by the impact of the high tax rates on economic growth. I don't actually expect such a situation to happen, at least not soon, but by insisting that the wealthy not benefit from tax cuts you are effectively calling for this to happen. Tim