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Old 04-20-2003, 09:49 PM
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blackmercedes blackmercedes is offline
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Join Date: Dec 2000
Location: St. Albert, Alberta, Canada
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The particular topic of "no more taxes" has been done to death on this forum.

Are we going to get into that stupid fight again?

For what it's worth, I don't see anyone deciding not to become a billionaire because of progressive taxation. The dis-incentive argument is worn out and just plain incorrect. There is some theory to suggest that marginal tax rates of over 50% (where they keep more of each dollar than you do) is a disincentive, and that might make sense to me. However, progressive taxation on it's own does not inhibit economic growth.

Go to most of the middle east. They have no sustainable tax base or government spending. No monetary policy intervention whatsoever. As Dr. Phil might say - how's that working out for them? Taxes, fiscal and monetary policy, and government spending are TOOLS that economists can use to create a stable economic base.

If you don't like paying tazes and enjoying the benefits that come along with it, then you should find a nation that has unbridled "non-government interference." There's lots to choose from, and funny enough, many of their population are trying to trade places with you...
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