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echo: barktopus
to: Gary Britt
from: John Beckett
date: 2007-06-16 11:21:36
subject: Re: The Laffer Curver, Still far from the bottom - Deficit Down 34.6 pe

From: John Beckett 

Gary Britt  wrote in message
news::
> Don't buy it at all.  Its merely a fanciful rationalization to avoid calling
> it what it is a confiscatory unjustified taking at the point of a gun if
> necessary from the estate of the person who earned so that those who didn't
> earn it can use it for their own power and aggrandizement.

OK - I've read all your points, and agree that it would be distasteful for
everyone to do nothing, then stand around Sam Walton's estate saying they
would like a share. There are not too many promoting that kind of socialism
any more.

I don't think you addressed my main concern which is that once a certain
amount of wealth has been accummulated, an entire industry is available to
protect the wealth by erecting elaborate schemes to minimise tax. We're not
talking about shaving a few points of the tax, we're talking about income
tax being reduced to below the 10% level.

John

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