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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Peter O'Brien who wrote (5191)	9/24/1998 3:49:00 PM
From: j_b	Read Replies (1) \| Respond to of 67261

<<you have effectively devalued a person's existing savings (since it cannot buy as much as it did before the change). This seems unfair to me.>> Let's segregate the community into two main pieces - those that are working and those who aren't. People that are working (or otherwise have the majority of their disposable income provided by currently taxable sources) would end up somewhere near where they currently are as far as taxes are concerned - the form would change, but not the substance. People that live off their savings or that have the majority of spending money provided by sale of previously acquired taxes would be taxed in a manner you could consider unfair. You're right, a phase-in period might be appropriate.