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No, Mr. Webb, you are incorrect in your understanding of the American
heritage. The real reason, Mr. Webb, for the Boston Tea Party was because
the colonists were sick of drinking tea and were trying to make a point -
"ship us some coffee, you idiots!". Oh, and July 4th has nothing to do with
independence (independence day?), it is really a celebration for the day the
Chinese invented firecrackers!
Kohath
----- Original Message -----
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: BobsKC <bobskc@xxxxxxxxxxxx>; kohath <kohath@xxxxxxxxxxxxx>;
<Realtraders@xxxxxxxxxxxx>
Sent: Monday, July 26, 1999 9:46 PM
Subject: Re: Boston Tea Party
> The reason for the tea party was because there was
> taxation without representation
>
> --- BobsKC <bobskc@xxxxxxxxxxxx> wrote:
> > The Boston Tea Party was prior to the American
> > Revolution and was a protest
> > against British taxes on tea which at that time, was
> > considered a mandatory
> > commodity. As I recall, British ships were boarded
> > and the tea on board
> > dumped into the Boston Harbor. It was a big deal at
> > the time and was no
> > doubt, a precurser to declaring freedom from taxes
> > and other controls
> > pressed on the colonies by the British.
> >
> > Bob
> >
> > At 11:02 AM 7/26/99 -0500, kohath wrote:
> > >Does anyone know anything about the Boston Tea
> > Party? I have heard that it
> > >involves taxation, but would like more info on the
> > subject!
> > >
> > >
> > >
> > > We're both right. In percentage terms, lower
> > income consumers benefit
> > >more,
> > > but in absolute terms, the wealthy will benefit
> > more. The reason I focused
> > > on the impact in absolute terms is because the
> > same logic applies to tax
> > > rate reductions
> > >
> > > The Republicans recently proposed cutting all tax
> > brackets by 2 percentage
> > > points. Just to use even numbers, if you reduce a
> > 40% tax bracket to 38%
> > > and a 20% tax bracket to 18%, someone in the lower
> > bracket has clearly
> > > benefited more in percentage terms. Their tax
> > bracket has dropped 10%,
> > > while the higher one has only dropped 5%.
> > However, someone earning $500K
> > >in
> > > the higher bracket has received a $10K reduction,
> > while someone earning
> > >$50K
> > > in the lower bracket has only gotten $1k.
> > >
> > > As I said, the same logic applies to debt
> > reduction, but the same people
> > >who
> > > decry a tax cut seem to be (grudgingly) in favor
> > of debt reduction... Go
> > > figure.
> > >
> > > Bruce
> > >
> > >
> > >
> > >
> >
>
> ===
> Big Lucky Dick
>
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