Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site houxn.UUCP Path: utzoo!linus!decvax!mcnc!akgua!whuxle!spuxll!abnjh!u1100a!pyuxn!pyuxww!gamma!ulysses!mhuxj!houxm!hogpc!houxn!rb From: rb@houxn.UUCP Newsgroups: net.flame Subject: Re: Corporate Taxes Message-ID: <u6@houxn.UUCP> Date: Fri, 21-Sep-84 11:37:45 EDT Article-I.D.: houxn.u6 Posted: Fri Sep 21 11:37:45 1984 Date-Received: Tue, 2-Oct-84 05:51:45 EDT References: <2274@sdcc3.UUCP> Organization: AT&T Information Systems, Holmdel NJ Lines: 35 In response to the notion that the deficit is better/worse than taxes..... The government has three sources of income: 1) Taxes 2) Inflation 3) Deficit I don't believe that any one is necessarily worse than any other!! What counts is the ratio of the sum in relation to the GNP. Thought of another way....If you make $40,000 per year, you can buy a car out of savings or borrowings....how much you spend on the car is usually (I hope) a function of what per cent of your budget you care to allocate to cars. The government usually (unfortunately-due to our representative form) goes about this backwards....It decides how much it wants to spend and on what, first....the sources of income second. A forced balanced budget amendment is only a partial answer....Somehow it must be made clear that the govt should be restricted to a spending pattern at a reasonable percentage of GNP.....Whether this is then financed via any of the above mentioned means or in what proportions is really irrelevant! The net effect is still how much I get to spend with whatever's left after the gov't takes their cut!!! The political issues should settle, then, on how to cut up the pie.... i.e. what percent for defense, social welfare, etc....in other words the govt should run ITSELF as the responsible citizens it likes us to! Unfortunately, old habits die hard....once you get used to an unlimited supply of spending money...it's hard to go back to a forced budget system!! Rob Botwin .....{utah-cs|seismo|decvax}!harpo!eagle!hogpc!houxn!rb ATT/IS Labs (201) 577-5016 (Cornet 8-270-5016) FJ 1B-130