--- Fred Foldvary <[EMAIL PROTECTED]> wrote: "There are indeed differences in costs [of taxes], based on subjective preferences, i.e. the utility of money relative to the item in kind.
The burden on a horse of carrying a saddle depends not just on the weight of the load, but also how it the weight is distributed." Right, that's what I was thinking. Let's use a transfer for example, if I receive a transfer of $1,000 I can split it up however I want, maybe half on housing and a quarter each on medicine and food. But if I'm given $1,000 in housing, I'm not as well off as I would be with the cash because I that much housing is sub-optimal for me. So the in kind transfer of equal dollar value is actually worth less to me. I assumed that a in kind vs. cash tax would be similar, with in kind taxes being more of a burden. -jsh __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now. http://mailplus.yahoo.com
