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Article #21640

Re: Prop 13 is BAD ( was Re: When does the sales tax go DOWN?)

#21640
From: David A. Kaye
Date: Fri, 22 Jul 1994 07:00
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Wayne Hathaway (wayne@Auspex.COM) wrote:

: Did it really never occur to you that what we should do is
: *REDUCE* *SPENDING*????

Sure, reduce spending to 0 and lay off all the government workers, and 
see an unemployment rate of 25%.  Is this what you want?  This is what 
you're getting.  California has one of the worst unemployment rates in 
the country as local governments continually lay off workers.  Don't you 
understand a basic law of economics: you have to spend money to make 
money?  Money does not exist in a vacuum.  It only grows when you spend 
it, otherwise banks would bury it in their back yards, not spend it.


--
dk@crl.com      	Does it seem to be true that blacks and Latinos
San Francisco		are friendlier on the streets than whites are?
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From: dk@crl.com (David A. Kaye)
Newsgroups: ca.general
Subject: Re: Prop 13 is BAD ( was Re: When does the sales tax go DOWN?)
Date: 22 Jul 1994 00:00:04 -0700
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