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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (143855)	10/28/2008 5:46:19 PM
From: TimF	Read Replies (1) \| Respond to of 173976

$1.6 trillion in tax breaks is what...chump change? You're not providing a coherent argument whether I consider that question in isolation, or in the context of the post it was a reply to. If the 'rich' don't like the tax situation then why don't they pack up and leave for an island somewhere? "Less than ideal", doesn't mean "worse than packing up and going to some island". Also to the extent that you have high and complex taxes, the wealthy "protest" by putting their efforts in to avoiding taxes. It would be better to have simpler tax laws, with far fewer loopholes and benefits, but lower rates. Then your not using up resources and diverting investment in to the effort to avoid taxes, at least not to the same extent. This isn't a short term financial problem, this is a problem 30 years in the making. The financial situation has not been poor for 30 years. Also in the context of the issues I'm talking about 30 years isn't all that long of term. Our basic tax setup goes back more than that. The rates have been changed and the rules tweaked but its not fundamentally different than 30 years ago. And in terms of discussing capitalism and its effects 30 years is positively short term.