THE DOUBLE TAX INJUSTICE

Greenspan says the tax cut is not needed for growth. How about the tax cut being needed for justice and equity? At present US company profits are taxed when the company reports them and then taxed again when the shareholder gets them as dividends. Why should people who rely on income from investments (mostly retired folks) be singled out for double tax? In Australia a LEFTIST government abolished tax on dividends years ago.

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SOME FUNNIES

Taranto's latest WSJ column is a good one. I liked this:

"China has prepared a reading list for people staying at home after karaoke parlors and cinemas were shut to stem the spread of SARS," Reuters reports:

Volumes such as the "16th Party Congress Report," former President Jiang Zemin's "Socialism with Chinese Characteristics" and "A History of the Chinese Communist Party" headed the list of nearly 100 titles, compiled by China's publishing regulator”.

And he heads a comment on Mexico's Cinco de Mayo (5th of May) celebrations with: "I Cinco, Therefore I Ammo". Descartes would turn in his grave.

I was a bit saddened though by the fact that he had good cause to start off another report with: "Just for the heck of it, let's make fun of the Germans". Germany has indeed sunk low these days. For the people who gave the world Bach, Beethoven and Mozart to be so mocked does show that they have lost their way.

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