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Re: Way OT: RE: @Home's 119 domain names up for sale

  • From: Crist Clark
  • Date: Thu Aug 11 17:59:17 2005

[I know, I know, don't feed the trolls. But some are just too
cute not to. Just this once.]

Matthew Black wrote:

It's kind of funny that people keep making these general claims as
though the money is wasted or goes to some unproductive purpose.
Personally, I don't consider subsidized housing for the lower-class
to be wasteful or a misuse of money.

I wonder how many people who decry wasteful government spending
would consider road and highway construction a waste of money.
> If traffic moves to slow to work for your pleasure, get a job
> closer to home or vice versa. After all, this is the land of
> opportunity and nobody FORCED you to buy a home far from work.
> Highway spending is all government financed, but few complain
> about that as a waste.

Funny you should say that with the pork laden highway bill
that just went through Congress. There were 6371 individual
special (i.e. pork) projects in the huge bill. I'd say spending
$223 million to build one of the largest bridges in the country
to an island Alaska with 50 residents is a severe misallocation
of limited resources.

That kind of spending IS a waste.

Discussion of government spending often spins into a discussion
of simplifying the tax code or attempts to make it fairer. Keep
in mind that almost all of the tax code consists of rules lobbied
by and for corporate Amerika. Very little of the income tax code
applies to individuals. As to the fairness question, most of the
lower and middle class class are in a higher marginal tax bracket
than the well-to-do. The latter get a 7.6% marginal tax break
(no FICA or Medicare). So the middle class pay 32.6%; the wealthy
pay 20% or less. Talk about disincentives!
It matters how you look at income taxes (figures never lie, but
liars figure). The top 3% of earners pay about 40% of all income
taxes. The top 1/12% pay about 10% of the taxes. Why do the super
rich guys want a flat tax? And the other obvious problem, you pay
a lot of taxes, probably more than you realize, besides income tax.

A nice reference from the definitive source:

Crist J. Clark                     
Globalstar Communications                                (408) 933-4387

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