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To: erlayman
"The estate tax break, which will cost $68 billion in lost tax revenue, has little economic impact because it mostly affects the already affluent, who are less likely to spend their tax savings.

Those savings could be in the form of investments which will help drive the economy or as deposits which become incremental capital for the banks to lend. Unless the "affluent" stuff all of their savings in the mattress. Even then, I'd rather have it stuffed in a mattress than given to Congress to spend on such economic "stimulus" as African junk washing.

64 posted on 12/17/2010 6:51:47 AM PST by coaltrain (Obama's a Harvard lawyer like Elvis was a Black Belt)
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To: coaltrain

$68 billion in lost revenue.

With that logic, some must think all the money and property out in the private sector economy that the government does not take is “lost revenue”.

The money in my wallet is lost revenue to the government.

It is my money, earned money, that best kind.


65 posted on 12/17/2010 7:00:24 AM PST by reaganator
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