Re: Why "progressive" tax schemes are evil

From: Jeff Bone (
Date: Mon Mar 19 2001 - 20:37:43 PST

True, but don't confuse the issue. Ubiquitous, onerous debt resulting from the
insane availability of credit is a VERY VERY VERY serious problem --- I'm sure
you heard last week about the 8 year-old kid who was approved for a $5k credit
card without any parental involvement.

It's a bad thing.

It doesn't in any way validate or support progressive tax schemes.

jb wrote:

> In a message dated 3/19/01 8:28:25 PM Eastern Standard Time,
> writes:
> << Modulo competitive pressure; they can only pass on expenses to the extent
> that
> the market will bear it. Wonderful thing about capitalism, that... >>
> in THEORY, boner man. let's look at something else: credit card debt
> (people buying things they cannot afford) and increased bankruptcies (people
> unable to pay their credit card debt). both are pervasive in your modulo
> world.

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