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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (212650)	7/20/2007 1:45:19 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 793972

Hello again. Long time indeed. >> There are numerous outs available for those who must hide money... Given that now the government can seize all your assets without warning and immediately, I don't think there are any outs. BUT, if there are outs, then the order is even worse than I thought, because it is ineffective against its real targets. So we have bad law that doesn't even do what it was supposed to. >> the special rules adapted for national defense purposes during war time were always rescinded after the hostilities ended. Say you are right. I hear this is supposed to be a new kind of war that lasts at least for a generation...say 25 to 35 years. Are you willing to have such a law on the books for that long? Before you answer, see my answer to Derek and consider that you cannot trust that every admin during the next 30 years will not abuse the law.

To: unclewest who wrote (212650)	7/20/2007 6:19:25 AM
From: Tom Clarke	Read Replies (1) \| Respond to of 793972

the special rules adapted for national defense purposes during war time were always rescinded after the hostilities ended. Still having first coffee, but off the top of my head....we still have the telephone tax imposed as an emergency measure to help fund the Mexican-American War, we still have the withholding of wages enacted by FDR as a 'temporary' emergency measure....an ingenious maneuver, can you imagine if wage earners had to write a check every quarter to Uncle Sam? There'd be a tax revolt!