Why not just reduce ALL taxes by 50%

[tradersboredom]

tax cuts that put more money in people's pockets so they spend more is always good.

but it wont' do any good to solve the problem of recession or failing businesses from incompetent management like the bankng sector or car sector cyclical and industry problems.

[


QUOTE]Quote from laminustacitus:

You make the false assumption that to do any good the tax cuts must aid the unemployed and unprofitable, which is wrong. Tax cuts would help businesses reinvest more of their profits, rather than them being carried off by the tax-man, thus leading to more capital-intensive and efficient businesses. Also, the earned money of consumers being put back in the consumers hands is always a good thing. [/QUOTE]

 

[tradersboredom]

GM or auto sector has been in jeopardy since the 80's from overcapacity of autos like in an manufacturing sector.

Quote from tradersboredom:

tax cuts that put more money in people's pockets so they spend more is always good.

but it wont' do any good to solve the problem of recession or failing businesses from incompetent management like the bankng sector or car sector cyclical and industry problems.

[


QUOTE]Quote from laminustacitus:

You make the false assumption that to do any good the tax cuts must aid the unemployed and unprofitable, which is wrong. Tax cuts would help businesses reinvest more of their profits, rather than them being carried off by the tax-man, thus leading to more capital-intensive and efficient businesses. Also, the earned money of consumers being put back in the consumers hands is always a good thing.

[/QUOTE]

 

[BSAM]

Quote from talknet:

.....George Bush was the Best-ever USA President.

Barack Obama is also a Muslim. Maybe Obama is an Al-Qaeda Spy/operative now controlling USA president position......

Hmmm...Should freedom of speech be removed from the constitution?? LOL

 

[laminustacitus]

Quote from tradersboredom:

tax cuts that put more money in people's pockets so they spend more is always good.

but it wont' do any good to solve the problem of recession or failing businesses from incompetent management like the bankng sector or car sector cyclical and industry problems.

The tax cuts won't help with the recession; however, they will enable the U.S. economy to grow stronger and become ever more competitive.

 

[omegapoint]

Quote from laminustacitus:

The tax cuts won't help with the recession; however, they will enable the U.S. economy to grow stronger and become ever more competitive.

Not if its spent on goods made in China.

 

[TraderZones]

Quote from Sniemiec:

So true. He is competing to put together the worst aspects of stock_trad3r and Trader28 (cold/c-kid/jasonn/etc/) into one really annoying alias.

 

[laminustacitus]

Quote from omegapoint:

Not if its spent on goods made in China.

I didn't make myself clear in that post, but in my that was quoted in the post I responded to had both tax cuts for consumers and producers. A tax cut on producers would not have that general effect for not every industry has a global scale.