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Why not just reduce ALL taxes by 50%
- Thread starter jjf
- Start date
tradersboredom
Guest
gov't is INVESTING in the economy. it's not a stimulus. but long term investing.
investing is the only path to increase GDP and long term wealth creation.
investing in infrastructure, education, and corporations that produce goods and services. job creation
jobs are supply and demand.
investing is the only path to increase GDP and long term wealth creation.
investing in infrastructure, education, and corporations that produce goods and services. job creation
jobs are supply and demand.
Quote from jjf:
Instead of offering a stimulus package which will have a distorting effect on the economy, why not cut ALL taxes to 50 cents in the dollar and let the private sector pick the path to recovery.
tradersboredom
Guest
war in iraq and military isn't investing but insurance policy and bad debt. only thing you get from military spending is piece of mind and protection of the economic system.
you can't have economic growth or prosperity with any war.
you can't have economic growth or prosperity with any war.
Quote from talknet:
Taxes have already reduced by 50% because there is no income/profit from giant companies and banks.
People income have also crashed because of crash of stock markets, real estate and commodities and also massive job-loss.
Basically governments and central banks are bankrupt.
Quote from tradersboredom:
gov't is INVESTING in the economy. it's not a stimulus. but long term investing.
investing is the only path to increase GDP and long term wealth creation.
investing in infrastructure, education, and corporations that produce goods and services. job creation
jobs are supply and demand.
You mean that gov is smart enough to invest but the people are not.
Interesting point of view.
So why not double taxes and then gov can invest twice as much.
tradersboredom
Guest
in some military states . all taxes collected if their is any tax to collect is used to buy guns an bombs to support the military or the regime.
the US military spending based percentage on GDP is same as it was in vietnam.
in some countries, military spending is equal to GDP.
the US military spending based percentage on GDP is same as it was in vietnam.
in some countries, military spending is equal to GDP.
Quote from jjf:
Instead of offering a stimulus package which will have a distorting effect on the economy, why not cut ALL taxes to 50 cents in the dollar and let the private sector pick the path to recovery.
gov't is INVESTING in the economy. it's not a stimulus. but long term investing.
investing is the only path to increase GDP and long term wealth creation.
investing in infrastructure, education, and corporations that produce goods and services. job creation
jobs are supply and demand.
If I paid person X to move dirt from A to B, then paid person Y to move dirt from B to A. That is job creation, but that is not investing in the future.
Obama is under a lot of pressure from his own party to do just that and I praise him to able to resist that temptation so far.
The devil is in the detail. Here is a brief list :
_Double within three years the amount of energy that could be produced from renewable resources. That is an ambitious goal, given the 30 years it took to reach current levels. Advisers say that could power 6 million households.
_Upgrade 10,000 schools and improve learning for about 5 million students.
_Save $2 billion a year by making federal buildings energy efficient.
_Triple the number of undergraduate and graduate fellowships in science.
_Tighten security at 90 major ports.
All sounds good except I need to see numbers. How much we are spending on each item...
tradersboredom
Guest
and the war in iraq, afghanistan and isreal and palestine that you see all the time on TV isn't a real war.
man everybody all the soldiers from peace keepign countries are leaving iraq. there is no war there but the US military is spending money like there is a real war going on it's fake war.
man everybody all the soldiers from peace keepign countries are leaving iraq. there is no war there but the US military is spending money like there is a real war going on it's fake war.
Quote from jjf:
Instead of offering a stimulus package which will have a distorting effect on the economy, why not cut ALL taxes to 50 cents in the dollar and let the private sector pick the path to recovery.