Quote:
Originally posted by Superman
Hey Tech, Mul's over here and he's saying tax cuts stimulate the economy. And to prove his point he asserts that wealthy people commonly built their own wealth as opposed to inheriting it. I know the first point, aobut tax cuts stimulating the economy, is horse**** and I fail to see how the second point relates to it.
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Too large a tax cut, of course, could result in inflation and insufficient future revenues - but the greater danger is a tax cut too little or too late to be effective. Second, the new tax bill must increase private consumption as well as investment. After-tax income could and should be greater, providing stronger markets for the products of American industry.
When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid off, investment increases and profits are high. Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment."
Seems John Fitzgerald Kennedy disagreed with you and tech, Supe.
Tax cuts do not stimulate the economy?...Then what does?...Inefficient bureaucracy and corrupt unions?
Come on dude, smell the coffee...Bush inherited the byproduct of increased taxation (the Clinton recession). Bush cuts taxes ACROSS THE BOARD...The libeRATs tried desperately to stop him because they wanted the economy to fail. The economy would be doing even better if the Democrats didn't cut the tax-breaks.
"Give a man a fish and he eats for a day, teach a man to fish and he eats for a lifetime" -- Jesus Christ
It is better business for the liberals to keep people wanting another fish and coming to them to get it. It serves them not for people to be self-sufficient.