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To: expatpat

Your 'Depression' boogie-man is a straw-man.

Business would be better than ever after the demise of the income tax code.

Foreign-made goods would finally be taxed in our market.

American-made goods would have the tax and compliance component removed from their costs, and would become much more competitive in the world market immediately.

Freedom may be risky, as I said before, but freedom is the incubator for prosperity.

Also...

Savings/capital formation are the seeds of productivity and economic growth.

The current system burdens and penalizes capital.

The NRST places no burden on capital at all...only on consumption.

Under the FairTax, America would be the most attractive magnet for capital in the world.


306 posted on 06/10/2005 2:58:49 PM PDT by EternalVigilance ("Quality of life": Another name for the slippery slope into barbarism...)
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To: EternalVigilance

You sound like a snake-oil salesman or a socialist telling the peasants how wonderful things will be when the revolution comes. How is this pie in the sky to be achieved? Did you read post #150?


307 posted on 06/10/2005 3:03:20 PM PDT by expatpat
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To: EternalVigilance
Business would be better than ever after the demise of the income tax code.

What is the basis for this false assumption? There was no income tax in the 1890s, yet the second worst depression ever to hit the United States occurred from 1893-1897 with 25% unenployment and a quarter of the railroads bankrupt.

330 posted on 06/10/2005 3:37:40 PM PDT by FreedomCalls (It's the "Statue of Liberty," not the "Statue of Security.")
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