My favorite woodworking tool is my 10" radial arm saw. I use that thing almost every week and would have trouble living without it.
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Depends on what you are going to do in the long run IMO
If you are going to do carpentry work. Buy a skill saw and or a bench top tablesaw.
If you are going to do "Woodworking" Buy a good cabinet style tablesaw. It is the heart beat of any woodworking shop hands down.