The Boston Diaries

The ongoing saga of a programmer who doesn't live in Boston, nor does he even like Boston, but yet named his weblog/journal “The Boston Diaries.”

Go figure.

Monday, February 10, 2003

I like the idea, but not keen on the timing

WASHINGTON—President Bush, having already set off a firestorm over his proposals to cut taxes and revamp retirement accounts, suggested on Friday that the time might be near to drop the income tax and replace it with some form of consumption tax.

Via InstaPundit, Bush ponders radical move to consumption tax

I like the idea, since I'm not one that spends a lot of money, although I'm afraid that this will be a severe wake-up call to those that live off credit. Then again, maybe not—without an income tax you'll have more money to spend and we are a society that likes to spend. But on the other hand, this may give incentive to people to save and the economists don't like that at all—it doesn't provide much stimulus to the economy as more people save and purchasing slows up.

Much more likely is we'll get yet another round of unintended consequences that with 20/20 hindsight seem perfectly obvious. Such as high home prices in an uncertain state this may cause the economy to tank further, despite what Bush is hoping for.

Obligatory Picture

[It's a study in contrasts—digital camera contrasts]

Obligatory Links

Obligatory Miscellaneous

You have my permission to link freely to any entry here. Go ahead, I won't bite. I promise.

The dates are the permanent links to that day's entries (or entry, if there is only one entry). The titles are the permanent links to that entry only. The format for the links are simple: Start with the base link for this site: http://boston.conman.org/, then add the date you are interested in, say 2000/08/01, so that would make the final URL:

http://boston.conman.org/2000/08/01

You can also specify the entire month by leaving off the day portion. You can even select an arbitrary portion of time.

You may also note subtle shading of the links and that's intentional: the “closer” the link is (relative to the page) the “brighter” it appears. It's an experiment in using color shading to denote the distance a link is from here. If you don't notice it, don't worry; it's not all that important.

It is assumed that every brand name, slogan, corporate name, symbol, design element, et cetera mentioned in these pages is a protected and/or trademarked entity, the sole property of its owner(s), and acknowledgement of this status is implied.

Copyright © 1999-2018 by Sean Conner. All Rights Reserved.