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Originally Posted by Ivor Biggun  Quote: |
Originally Posted by Boon Mee Think I'll stick with the party of lower taxes, thank you! | But is that the cause of the fall in the Dollar ? I'm not an expert but the less you pay, something has to give ? |
No, coz the more money folks have, the more they spend, which helps to keep the economy going. Strong economy = strong currency. Pay more taxes and the gov uses it to fund social progs, altho some of these (ie, infrastructure) can help as the gov pays private cos to do the jobs. Of course, many other factors are at work (ie, the current credit crisis brought on mainly by the subprime defaults is dragging the US down at the mo -- people cannot meet their mortgage payments, and also do not have enough to spend.)
That's why I will always be conservative in thought. Work hard, give some for taxes, but make my own choice on where I spend and donate.
Boonie, thanks for the tax comparison. That should shut up a few folks.
Guess if the Dems get in, I'm better off paying the same levels in Canada with a healthcare card that enables me to wait 12 hours for services for free.