Leland, In your description of the 'progressive' tax system, you admit that the poor pay little or no taxes, and the middle class, minimal taxes. So the only place left to cut taxes is for those that are better off. You may not like this on the grounds of your particular type of morality, but consider what the rich do with their money. They invest it and they buy things. Now if not too much finds it's way out of the country and the things they buy do not include politicans, this creates jobs and puts money in other peoples pockets. How anyone can help but understand this, I do not know.
You are correct that inflation and high interest rates will kill the bond market. However, stocks, particularly those that are tied to hard assets tend to rise with the value. I'm not arguing that inflation is necessarily a good thing, but given the state of national debt, it may be the best strategy that we have. Do I mind paying back the ChiComs 50 cents on the dollar of their investments... heck no! Beyond this, most attempts to control inflation, such as raising interest rates (remember killing bond market) have the effect of slowing down economic activity. That is never a good thing. There are simply too many special interests lobbying for their own welfare to expect the government to actually work for the good of the majority of the people. If an when it happens, we can all be happy, but when my welfare depends on someone taking something from someone else against his will, I think I'd do better depending on the Gotti family. Larry Miller --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
