True, but don't confuse the issue. Ubiquitous, onerous debt resulting from the
insane availability of credit is a VERY VERY VERY serious problem --- I'm sure
you heard last week about the 8 year-old kid who was approved for a $5k credit
card without any parental involvement.
It's a bad thing.
It doesn't in any way validate or support progressive tax schemes.
jb
Grlygrl201@aol.com wrote:
> In a message dated 3/19/01 8:28:25 PM Eastern Standard Time, jbone@jump.net
> writes:
>
> << Modulo competitive pressure; they can only pass on expenses to the extent
> that
> the market will bear it. Wonderful thing about capitalism, that... >>
>
> in THEORY, boner man. let's look at something else: credit card debt
> (people buying things they cannot afford) and increased bankruptcies (people
> unable to pay their credit card debt). both are pervasive in your modulo
> world.
This archive was generated by hypermail 2b29 : Fri Apr 27 2001 - 23:14:27 PDT