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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (20214)	9/5/2006 6:44:41 PM
From: E. Charters	Read Replies (1) \| Respond to of 78408

Whether taxation is fair or unfair it cannot raise more money than is out there at the present time And no matter how it is raised it would cause about the same harm to the economic system. Within reason. There are some factors to be considered here. If you raise it off rich people it is supposed to cause the least harm, because it allows considerable consumer spending to still take place, in some people's theories. Which contributes to the economy, but of course cause inflation in the short -and- long run. Also who spends money to create jobs? Poor people? So how does capital expenditure get spent if the people who would do it are inordinately taxed? Well, the relatively non-inflationary expenditure of infrastructure for capital projects is reduced and the future economy is imperiled ten years out, but nobody feels it at first. The consumer goes on a spending spree and we feel the inflation. Nice solution. And we did it all without giving the government one more dime in taxes. Fair taxes is a nice expression. Because of the word fair. But it begs the question. Is it really fair and to whom? And how? The real thing is to reduce government spending and reduce taxes and shift taxes to where it is not felt domestically. To tariffs. Yes, that old anti-Keynesian thing, the dread tariff monster. The US government in 1801 used to collect ALL its revenue from one source. Tariffs. No income tax, no vat tax, no property tax, just tariffs. And the government were 100% paid with no debt. A simpler world? Well the USA was not that simple in 1801. It was a hell of a lot more complex and in some ways expensive to administer because of lack of infrastructure and immense size.. why did it work..? Because business, resource extraction, and expansion was 100% unfettered. Business was booming. Sure money was scarce but people thought nothing of going on expeditions with 100 men to virgin country, and spending 2 years chasing down stories of gold in the hills. Try that today. 100 men 2 years, camp support, military escort, let's see, $30 million, more? risk? Why even bother to calculate it? Men in that day thot it was risk free. Why? no taxes, that is why. Free land to stake. Free gold to mine. Free time to innovate and discover. Regulations? not significant. They did not do it in Europe. Why? taxes, regs, kings land, etc... They did not do it in Canada. Kings land, regulations, British Army seigneurial grants.. But somebody thought up staking claims... and by 1900 Canada was on its way. ********************************