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To: TruthShallSetYouFree
This is one of those articles that fall in the category of "DUH!"

Republicans are more productive and prosperous, more likly to buy homes and to may taxes on them. Democrats are less likely to do these things. They are more likely to be consumers of other people's tax money, than generators of their own.

Therefore, if "tax rebates" were NOT going more to Republican areas than Democratic, it would be clear evidence that someone was cooking the books. Duh!

However, it is flatly false to imply that renters, as opposed to homeowners, get no benefit from a property tax rebate. In a competitive economy, apartment owners are compelled to set their prices at the minimum that will cover their costs and a moderate profit, to keep their units occupied. Since taxes are one of the costs they must cover, lower taxes mean smaller rises in rents for tenants. (Since all other costs are continuing to rise, rents will not go down as a result of the rebates.) Duh!

Congressman Billybob

New column up: "The Truman Factor."

5 posted on 03/17/2002 2:39:31 PM PST by Congressman Billybob
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To: Congressman Billybob
My favorite instance of the "Duh" factor was an article in the NY Times a few years ago. The headline was something like: "Crime is down but prisons are still full." Someone there needed a lesson in cause and effect.
6 posted on 03/17/2002 2:50:36 PM PST by TruthShallSetYouFree
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