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Originally Posted by shakran
I blame the republicans because they're the ones pushing lower taxes with increased spending. They're the ones pushing trickledown economics which, aside from being appallingly elitist, is an ill-conceived economic theory which is doomed to failure before it's even put into practice.
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Your opinion is contradictory to the economic boom triggered by the Reagan tax cuts.
As was glaringly obvious both countrywide and in California recently, increasing taxes doesn't increase tax receipts. A healthy business climate does, and I challenge you to find one that was created by a tax hike.
Furthermore, a "soak the rich" policy introduces huge swings in tax receipts. If 10% of the people pay 50% of taxes, it only takes a relatively small business downturn to throw a state, or a country, into massive red ink.
So if you dislike deficit spending, you'd better start supporting a more business-friendly climate.
Otherwise, you can count on a lot more outsourcing. Like, for example, the Heinz company, which outsources at a rate of 60% or so.