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Path: utzoo!linus!philabs!cmcl2!seismo!hao!hplabs!sdcrdcf!trwrb!trwspp!spp2!jhull
From: jhull@spp2.UUCP (Jeff Hull)
Newsgroups: net.taxes
Subject: Re: Abuse of social contracts. (tax system)
Message-ID: <441@spp2.UUCP>
Date: Mon, 18-Feb-85 16:52:44 EST
Article-I.D.: spp2.441
Posted: Mon Feb 18 16:52:44 1985
Date-Received: Sun, 24-Feb-85 02:12:32 EST
References: <2748@dartvax.UUCP> <445@ahuta.UUCP> <399@lsuc.UUCP> <287@petrus.UUCP> <417@lsuc.UUCP>
Reply-To: jhull@spp2.UUCP (Jeff Hull)
Organization: TRW, Redondo Beach  CA
Lines: 22
Summary: 

In article <417@lsuc.UUCP> dave@lsuc.UUCP (David Sherman) writes:
>That's the fault of your system for not having inflation adjustment
>built it. 
>I understand the reasons indexing has never been desired in the
>U.S. is because Congress wants to look good every two years by
>"lowering" tax rates in an election year.

One problem with indexing is the selection of the measure of
inflation.  Official US govt. statistics say the aggragate inflation
since 1970 is 138%.  Based on what?  Many of the basic "necessities"
(well, in the US they are necessities) have gone up over 200%.  And,
to take just one example, a Datsun 240Z was $4400 in 1972 (I think is
was 72, the first year they were introduced here).  Today, the
comparable Datsun 300ZX is over $19000.  I.e., over 430%.  What do you
base the indexing on?

-- 
 Blessed Be,

 Jeff Hull            {decvax,hplabs,ihnp4,scdrdcf,ucbvax}
 13817 Yukon Ave.         trwrb!trwspp!spp2!jhull
 Hawthorne, CA 90250