10-23-2007, 07:27 PM
[quote AAA]As soon as the USA Presidential elections occur, and taxes rise, I agree.
That's a nonsequitur. In reality, taxes have already risen. The government has been printing money like crazy because they've been spending money like drunken sailors. This (and other things) will ultimately cause the dollar's value to fall significantly (which it already has relative to foreign currencies), which is little different from raising taxes (actually, it's worse than raising taxes because 1) it's a secret behind the scenes tax and 2) it erodes the value of our savings (even tax-sheltered savings) and our children's future earnings in addition to decreasing the value of our current income).
That's a nonsequitur. In reality, taxes have already risen. The government has been printing money like crazy because they've been spending money like drunken sailors. This (and other things) will ultimately cause the dollar's value to fall significantly (which it already has relative to foreign currencies), which is little different from raising taxes (actually, it's worse than raising taxes because 1) it's a secret behind the scenes tax and 2) it erodes the value of our savings (even tax-sheltered savings) and our children's future earnings in addition to decreasing the value of our current income).