From: avatar (avatar@renegadeclothing.com.au)
Date: Sun Jan 12 2003 - 23:24:23 MST
Aussie reply:
Corporate website seeking business: "Why does 50% of our $30 trillion dollar
world economy bank offshore?"
Aussie answer: "Because the top 1% who donate 80% of political funding ask
the government not to send them to jail for banking offshore. Let them go an
live in the Caribbean if they don't want to pay taxes."
Towards Ascension
Avatar Polymorph
34 After Armstrong
----- Original Message -----
From: "spike66" <spike66@attbi.com>
To: <extropians@extropy.org>
Sent: Monday, January 13, 2003 4:01 PM
Subject: Re: Don't cry for me, Argentina
> Lee Corbin wrote:
> > In 1900, Argentina was the 6th wealthiest country in the world.
> > What happened?
> >
> > Does anyone know of a book that chronicles all the bad moves
> > made by that nation?... Lee
>
> Lee, I know the Europeans and Aussies would prefer
> we refrain from comments about local politics, but the
> state of Taxifornia in which you and I reside is
> about to demonstrate some important universal truths
> about politics.
>
> We see here a regime that has been very generous with
> other people's money. In the next few months we will
> need to deal with a state debt of 34 billlllllion
> dollars. Taxamento has suggested three solutions:
> increase income taxation of the rich, increase sales
> tax and increase tobacco tax.
>
> My notion is that in two of these cases, increasing
> tax rates will actually result in a reduction of
> capital flow. Increased income tax of the top income
> bracket will cause capital to flee the state. Increases
> sales tax will stimulate internet sales, from which
> tax cannot be collected. Tobacco tax, well, the silly
> proles will still smoke I suppose. But I expect
> tobacco revenue alone will not even offset the
> loss of revenue from the other two tax increases,
> never mind the 34Gd deficit.
>
> What do you suppose will happen?
>
> spike
>
>
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