Path: utzoo!censor!becker!ziebmef!stephen From: stephen@ziebmef.uucp (Stephen M. Dunn) Newsgroups: can.general Subject: Re: Tax Revolt Now!! Summary: you're damn right it's inflationary Keywords: our tax load is revolting ... why aren't we? Message-ID: <1989Aug15.124538.15493@ziebmef.uucp> Date: 15 Aug 89 16:45:35 GMT References: <2713.24E6443D@isishq.FIDONET.ORG> Reply-To: stephen@ziebmef.UUCP (Stephen M. Dunn) Organization: Ziebmef Public Access Unix, Toronto, Ontario Lines: 28 In article kim@watsup.waterloo.edu (T. Kim Nguyen) writes: [...] $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? Yes, people will reduce their discretionary expenditures (is that such a good thing, though - a lower standard of living?). However, consider the following scenario. (bargaining time at some company) Union rep: Inflation's gone up to 10% per annum. Give us a 10% raise! Company rep: But your members have reduced their discretionary expenditures. You don't need a raise. Union rep: You're right. We don't need a raise. Now, tell me that's likely. (No, this ISN'T an anti-union flame; I'm just using them as an example) -- ------------------------------------------------------------------------------- ! Stephen M. Dunn stephen@ziebmef.UUCP ! DISCLAIMER: Who'd ever ! !---------------------------------------------------! claim such dumb ideas? ! ! I have become comfortably numb ... ! I sure as heck wouldn't !