[Jotmo]

Once again the “Static Model” amateur economists have come out to play. This article is so full of holes I hardly know where to begin.

I’ll start with this. He seems to think “Old Money Harry” will get all the benefit because his trust fund wont be taxed, but conveniently forgets that he will be PAYING more when he spends his ”Old Money”. How many people does he think are living off of trust funds and not working? Could it possibly be more than 100,000?

It may be true that peoples spending habits will change, like they’ll SPEND LESS and SAVE/INVEST MORE because it wont be taxed.

Oh the horror.

Taxes on items you purchase will go up, but with businesses freed of their odious tax burden, don’t you think they might lower prices to gain market share? Wouldn’t that help offset the tax and not put such a damper on spending?

Not to mention all of the capital companies would have when everyone realizes there’s no tax on income from capital gains and starts buying stock by the truck load.

I’m highly disappointed in WND. I expect a lot more from them.

[George Frm Br00klyn Park]

"don’t you think they might lower prices to gain market share?"

JM, NO!! I think{?} companies will return more tax free money to investors in order to lure more tax free money into the company. Prices on goods from our foreign "partners" have NOT gone down to benefit consumers. On the contrary, those prices have gone UP to benefit investors. Else, investors would transfer their money to a company that did benefit investors. Peace and love, George.

[Zon]

I’m highly disappointed in WND. I expect a lot more from them.

See post 24.

[Bigun]

#s 9 & 10! GREAT Posts! Spot on!