Path: utzoo!utgpu!watmath!watcgl!kim From: kim@watsup.waterloo.edu (T. Kim Nguyen) Newsgroups: can.general Subject: Re: Tax Revolt Now!! Message-ID: Date: 14 Aug 89 20:09:51 GMT References: <2713.24E6443D@isishq.FIDONET.ORG> Sender: daemon@watcgl.waterloo.edu Organization: PAMI Group, U. of Waterloo, Ontario Lines: 16 In-reply-to: Steve.Kannon@f71.n221.z1.FIDONET.ORG's message of 13 Aug 89 11:19:30 GMT In article <2713.24E6443D@isishq.FIDONET.ORG> Steve.Kannon@f71.n221.z1.FIDONET.ORG (Steve Kannon) writes: Instead, we get Mike Wilson espousing the glories of doing just the opposite. He hopes to invoke a regressive system which even his business allies say will slow down an already slowing economy, boost inflation, increase unemployment rates, create a nightmare of red tape, and put 4,000 more paper pushers on the government payroll. The FST will indeed slow the slowing economy, but I fail to see how that will boost inflation. Oh, OK, maybe I do. Costs will rise, so there might be some inflationary pressure to increase wages, however isn't it likelier that people will reduce their discretionary expenditures? -- Kim Nguyen kim@watsup.waterloo.edu Systems Design Engineering -- University of Waterloo, Ontario, Canada