Only government can subject all industries simultaneously to the effects of its macro policies, such as rising or falling interest rates, the general burden of taxation, the moral hazard inherent in the promise of bailouts, and the uncertainty and perverse incentives of open-ended regulatory programs.
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Not included are such ancillaries as ongoing lease obligations, any seismic or other geoscience disbursements, or any general and administrative burden at the field or corporate levels.
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We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.
Finally, those who would carry the economic burden of the FTT would not be the banks but workers and consumers in general, and their burden would be more than 100% of the revenue raised by the FTT.
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The top 50 markets are ranked two ways: by overall travel tax burden (general sales tax and travel-related taxes combined), and by travel-related taxes only.
The ATA also wants Congress to put more of the cost burden on "general aviation"--including private and corporate jet travel--which commercial carriers say is largely responsible for air-traffic delays at congested airports.
But critics of the plan, notably the general aviation crowd on whom more of the burden would fall, complain that the FAA's financing proposal would hike taxes, reduce congressional oversight, and spawn a massive bureaucracy to track and tax the use of air traffic control.
This would permit the burden to be borne by society in general in a fashion that we can agree is distributionally fair.
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Although it will take time to work out the kinks, the general idea is that the exchanges should reduce the administrative burden of individually rating and selling plans to consumers.
But Eric Ngaha, general manager of Union Sportive Douala, said his colleagues must share their burden of the responsibility for the problems in the league.
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They have also foisted the burden of paying for the state's roads onto the general tax-paying population, rather than onto those who use the roads most heavily.
Dr Clare Gerada, Chair of the Royal College of General Practitioners has said GPs would welcome a structured approach to this huge burden, but it would have to be adequately funded and resourced.
Talking today to Nato Secretary General Anders Fogh Rasmussen, he feels that the answer both to the issue of alliance burden sharing, and maintaining influence in the Middle East, is for European members of Nato to "step up to the plate".
That is in line with the general trend of Mr Putin's federalism, which has been to put more of the burden for services on to the regions while concentrating more power and supervision at the federal level.
The question is whether the burden should fall on workers in specific firms, on all workers, or on taxpayers in general.
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