[438] in libertarians
[raymie@larch.lcs.mit.edu: GATT legislation]
daemon@ATHENA.MIT.EDU (damartin@ampere.mit.edu)
Tue Nov 29 16:50:18 1994
Date: Tue, 29 Nov 1994 16:47:46 -0500
From: damartin@ampere.mit.edu
To: objectivism@MIT.EDU
Cc: libertarians@MIT.EDU
> Section 742: Taxpayer Identification Numbers Required at
> Birth.
Does sound bad although in practice you need a social security
number to get anything done these days anyway. I agree that it is one
more step in the wrong direction, though.
> Section 745: Modification of Authority to Set Terms and
> Conditions for Savings Bonds
>This GATT provision eliminates guaranteed minimum returns
>on U.S. savings bonds, a provision enacted during the Reagan
This is actually good. Having the government guarantee a
return regardless of real interest rates is a bad idea.
> Section 769: Special Funding Rules for Certain Plans
Pensions funds are slowly dying away anyway, as they
should. What is (and should) happening is that companies contribute to
their employees' 401K plans. This gives individuals the power to
save/invest for their retirement at their own pace.
> Section 801: Pioneer Preferences
>The provision issues next-generation cellular telephone licenses
>for Los Angeles, Washington, D.C., and New York City. Under
Sounds bad, but this sort of thing has/will always happened
regardless of GATT.
Since the GATT legislation is intended to implement the GATT
treaty, eliminating offensive legislation that isn't relevant to GATT
will still be possible. I'd say that GATT should still be passed.
-David Martin
