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Subject: I talked to a friend of mine and ...(more)
Posted by Jack on January 9, 2003 at 12:56 AM:

In Reply to: oops. my mistake. The article accused Nickles of it. (mm) posted by Single A on January 8, 2003 at 6:51 PM:

and he thought that the dividends thing was a really great Idea. He pointed out that it would help 401K’s, where a bunch of working people have money, and junk of that sort. I believe this is a good point and well worth considering, but we are getting ready to fight a war that will cost a lot of money. If we are not going to tax dividends then where are we going to get the money? Perhaps, cutting the dividends tax in half and not all together would be the perfect idea.
: Already, many well to do people have left New York for states such as Florida to avoid taxes. New York is one of the most "progressive" states according to liberals. Really, they're just punishing those who work the hardest. They're just finding out now that they've been shooting themselves in the foot.

: Conservatives haven't presented this tax cut as a "break for the rich", because it isn't. When taxes are lowered, everyone wins, rich and poor alike. The more Sam Walton is able to keep of his salary (instead of giving it to the government), the more will be reinvested in his company (walmart). The more he invests, the better the prices get.

: Also, the more Walton makes, the more likely he'll be able to afford a bigger home. When he (and others in his wage bracket) build new homes, their old homes will be available for people to buy. Prices on these homes will go down, and people will upgrade. Eventually, the cycle will hit you and me. Liberals refer to it as "trickle-down" economics, but it does work. That's how Reagon was able to cut taxes, yet raise tax revenue from $500 billion to $1 trillion while he was in office.

: People are beginning to figure this out. Liberal extremists are having a harder time fooling the general public. Remember how Bush Sr. promised "No new taxes", but broke the promise in order to make a deal with democrat senators? (who, in turn, failed to hold up there end of the deal, but that's history now). People got very upset, and Bush lost the re-election. The public is catching on to the fact that economic growth helps out the average family with 2.3 kids more than the ludicrious promises made liberals. People don't trust them anymore.

: So, conservatives are being honest. It will help the rich, but that's not the goal. The people who stand to gain the most in the new proposal are the working class. For the average household, their number one asset is their home. Their number two asset is not their car, but their pension plan. 75% of all pensions are based in equities (as opposed to bonds), and this accounts for 7 trillion dollars of buying power, nation-wide. Much of this money isn't seen by the worker, because it is held in a companies pension plan until the employee retires. But it is this money that will grow with the new tax plan.

: ---------------------
: Now, about the "moving oversees" thing...

: If you think taxes are high now, you should wait until congress finishes some of the proposals they're working on now. Instead of torte reform, they're making it easier and easier for people to sue medical instutions. Some of the proposed laws would hold the price of drugs down, and hold the manufacturer responsible for anyone who suffered negative side effects. The goal is to drive up the cost of health care enough that people finally are willing to accept a socialized system to take care of it. When this happens, taxes will be raised again.

: And, socialized medicine is only one of the added expenses tax-payers may find themselves paying for. There's much more where that came from. There's no limit to how much liberal politicians are able to promise. After all, how else would you expect them to raise campaign money?

: If our government continues to grow without limits, people will begin to move. Already, many companies have moved factories to countries where workers will be taxed less (and therefore, require less pay for equal work). Of course, taxes aren't the whole cause of such problems, but raising taxes will only exacurbate the problem.

: -a




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