it's been great lurking on this one but i just can't help myself anymore.
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Originally Posted by Hwed
Lower tax rate = more money spent on new business opportunities that would otherwise not draw investment = increased economic growth = high tax revenues! That's the way the real world works. It's that simple.
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truly, personal income tax affects the consumer index, but the "trickle down" theory is more applicable to business tax rates. the consumer index is pretty tricky, too... as we have seen in both the reagan and second bush tenures, the payday eventually comes home. sustainable growth, renewable markets and expanding revenue potentials are the course.
but i suggest to you all that the domestic piece of this pales against the foreign debt problem. the far east is buying up our debt like crazy at the same time we're pushing our jobs and production of real goods off shore. there is a potential paper crisis facing the u.s. economy in a few years if we don't stop the bleeding now. we need to get the budget back on track and start paying down the debt and upping the trade balance. now that, my friends, is the kind of foreign policy i want to hear about. and all you small businessmen out there should know you don't want to be running your business on credit.
a few quick shout outs...
shakran and harry, it doesn't have to be cold turkey. the hybrids on the market are working fine, and if every car in the u.s. got 34 mpg, there would be no need for foreign oil (
www.nrdc.org). we could keep working it down from there. in terms of the big traditional lines, the enviornment is non-partisan. it's more of new biz vs. traditional biz than liberal vs. conservative anymore (can anyone say big biz stifles competition through political muscle?).... but ironic how liberals are commonly defending the "conservation" of resources.
phyz.... dude. i mean... dude. kutulu gave you the digits man. dude...
pan, your story is awesome... both sides of the aisle should fight to claim a share of that kind of success story. that's the way the deal is supposed to work.
wax off, i know two way cool apolitical 501(c)3's if you're in need of shelter.
but i'm sure you're already doing the thing you want to do, and more power to you. again, that's the way the deal is supposed to work.