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From: rb@houxn.UUCP
Newsgroups: net.flame
Subject: Re: Corporate Taxes
Message-ID: <556@houxn.UUCP>
Date: Fri, 21-Sep-84 11:37:45 EDT
Article-I.D.: houxn.556
Posted: Fri Sep 21 11:37:45 1984
Date-Received: Tue, 25-Sep-84 21:21:26 EDT
References: <2274@sdcc3.UUCP>
Organization: AT&T Information Systems, Holmdel NJ
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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)
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