by Specop_007 » Tue 09 Nov 2004, 04:17:18
$this->bbcode_second_pass_quote('trespam', '')$this->bbcode_second_pass_quote('Specop_007', 'W')e need less taxes, what with the dollar losing its value
http://news.ft.com/cms/s/257979a6-30f4- ... 511c8.htmlThe dollar is losing its value because Americans are unwilling to pay for what they consumer, whether at the government level or the personal level. Look at the economist and what it has to say about the economic incompetence, for example, of the current administration:
http://economist.com/agenda/displayStor ... id=3351231Energy taxes are a much wiser form of taxation than labor taxes. If we had started them years ago, the US would not be importing near the amount of energy from OPEC or other parts of the world, sending dollars abroad and therefore leading to further drops in the dollar.
The piper will be paid. If we don't pay for what we are consuming, the dollar will continue to drop and the standard of living of Americans will continue to decrease. In other words, higher taxes, or lower dollar, or lower services (e.g. toll roads and much more) will be necessary.
Lets just sum it up then.
We're screwed either way.