Steven Johnson wrote:
> Secondly, here are a couple of anecdotal tales to share about the integrity
> of the WSJ. During the last presidential election the WSJ posted the same
> innacurate story about the benefits of Forbes flat tax not once, but twice.
> The story was based on flawed data that was known to be flawed. Because
> the gist of the article was pro-Investor they forgoed their responsibilty as
> a reporter to take on the responsibility of political lobbyist to promote
> "their candidate".
If you understand how the money multiplier works, and how income
taxes destroy it -- by taking the money out of the economy before it
can multiply -- you'd understand a flat tax is warranted.
By taxing the "supposed rich" we are only taxing our investors.
Investors, not government, creates jobs. People who already have
wealth don't pay income tax. So, again, all we are doing is taxing
those who aren't already wealthy.
-- TheBS
-- Bryan "TheBS" Smith mailto:b.j.smith@ieee.org chat:thebs413 Engineer AbsoluteValue Systems, Inc. http://www.linux-wlan.org President SmithConcepts, Inc. http://www.SmithConcepts.com ------------------------------------------------------------------ Those living in the US who consider the American flag to be a sym- bol of oppression obviously fail to understand what the word means
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