Fables Of Finance (Budget Deficit Myth)

"But Government is not a wealth creating
Business! "

I noticed that. Especially during the late 70's when I nearly lost my home because taxes and interest rates were so high. I thank Ronald Reagan for giving me a break so I didn't have to work 60+ hours a week.

Reagan also closed a number of tax loopholes. For example, there were corporations like Boeing, GE, Dupont that were paying zero taxes while a mother with kids earning $12,000 a year paid taxes....it was corrected.

Personally, I would be in favor of a flat tax just to get rid of all the bureacracy and lobby effects. I would even tax many of the so-called nonprofit groups that are paying no taxes and receiving nontaxable contributions.

41 posted on 07/17/2003 3:24:55 AM PDT by Susannah (Over 200 people murdered in L. A.County-first 5 mos. of 2003 & NONE were fighting Iraq!!)

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.