Re: Japan, Canada, Germany and Supply-Side, er, "Vertically stimulati ve" fas...

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Date: Wed Oct 18 2000 - 18:27:26 PDT

In a message dated 10/18/00 10:44:00 AM Eastern Daylight Time,
Yangkun.Zhang@FMR.COM writes:

<< "What capital gains tax reduction does is increase savings, capital
 and capital formation, which, in turn, helps economic growth. That, in turn,
 helps increase jobs, productivity and, through the productivity increase,
 the potential output of an economy ... Finally, for Canada, perhaps the most
 important aspect of capital gains tax reduction lies in the enhancement of
 its international competitiveness, especially vis-a-vis the United

Mr. Zhang, if I am a clanging bell, what is Dick Cheney who credits recent
welfare reform for our prosperity? His comments directly following the
debate last night.

back to your post:
doesn't take a nobel laureate to recognize that reducing any tax should help
economic growth. now address how wealth, not earnings, will be distibuted
over decades, with ever-increasing tax-exempt clumpings at the very top.
just backtrack thru the last 50 years. (you are glib with the macro theories
for sure, especially international.)

btw, fascism is not marxism. i don't feel inclined at the end of a long work
day to have to explain to you in analdetail (aspersions cast your way) their



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