Visit the U.S. Politics Online Discussion Forum Archives!
![]() |
|
|||||||
| Economic Issues Business, Commerce, Consumer Affairs, Economics, Public Finance, Trade |
![]() |
|
|
LinkBack | Thread Tools | Display Modes |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
Fact is our tax systems hurts the economy and it needs to be scrapped.
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
Quote:
Quote:
denmark: 68% of gdp sweden: 53% of gdp usa: 12.4% of gdp gdp per capita denmark: $44,742 (3,0% growth) sweden: $38,480 ( 4,2% growth) usa: $39,452 (3,4% growth) I think this proves that you dont need low taxes to have a growing economy. Its a myth. Providing good services to citizens does the same while at the same time providing a higher standard of living for the common man and woman. Last edited by erikvv; 06-04-2007 at 12:17 PM. |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Again, taxes have little to do with debt. Debt is caused by spending exceeding revenue. What you further fail to see is that we collect more now after the tax cuts than we did before the tax cuts. Thats because tax cuts increase the tax base through economic growth. Its obvious neolibs dont understand basic economics.
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
The only a govt should provide is protection of life and liberty. Everything else the people can provide for themselves. And tax cuts work way into the long term if left alone. Problem is once the govt sees the increased revenue, they take it and waste it, instead of returning it to the people to further increase the economy.
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
|
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
I know much better what I want to spend my money on than Uncle Sam does.
__________________
"Liberty is not a means to a higher political end. It is itself the highest political end - Liberty is the only object which benefits all alike, and provokes no sincere opposition - The danger is not that a particular class is unfit to govern. Every class is unfit to govern. - Power tends to corrupt, and absolute power corrupts absolutely." - Lord Action |
|
|||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
You laissez-faire types have more in common with the marxist who thinks that they'll end war, suffering, and all manner of struggle between men. When you would like to come out of your delusional wonderland and live in the real world which requires pragmatism, the "Wealth of Nations" is a good place to start. Certain public institutions are absolutely vital to the economy, and a strong economy is vital to a strong democracy (India is one of the few exceptions). |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Why dont we just give them ALL our money then? Then they can distribute it how they think is fair.
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
|
|||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
~"Growth during the first quarter of this year was held down by some factors - notably, significant declines in inventory accumulation, net exports, and federal defense spending - that seem likely to be at least partially reversed in the near term," Bernanke said in prepared remarks to be delivered via satellite to the International Monetary Conference in Cape Town, South Africa.~ The Fed chief noting that reduced defense spending is a drag on the US economy is quite a statement, actually pathetic considering what little remains of our antiquated infrastructure and failing education system. I'm sure people will be calling for more tax cuts to again blind the public, as always accompanied by more federal defense spending to increase the cooked GDP numbers they worship. |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Wouldnt that then mean that as you increase taxes, motivation to work decreases, and therefore Denmark and Sweden must have lower productivity workers.
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
No if income tax is 35-50% like it is in denmark you'll still see great benifits if you work harder. I dont think it discourages working harder. What you were suggesting was taking away all their income and redistributing it. That is what happens in communism and that is when people dont have motivation for work.
|
|
||||
|
Re: Economy slowing down? - 1.3% growth in 1Q 2007
Quote:
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
![]() |
| Bookmarks |
| Thread Tools | |
| Display Modes | |
|
|