View Single Post
  #40   Report Post  
Schizoid Man
 
Posts: n/a
Default


"Michael McKelvy" wrote in message

You're talking about tax dollars being fewer, I talking about tax rates
being lower. Raising them to far is a disincentive to investment and
saving. Lowering stimulates investment and spending and saving, thereby
increasing employment and taxpayers.


There you go again about supply-side economics. Did you know that the only
country in the world where supply-side economics have actually worked is
India? Do you know why? Because approximately 1% of the population pays
taxes.

Why supply-side economics will never work in a country like America is
documented quite brilliantly in David Stockman's book (he's the guy who
invented, and eventually got disillusioned, by it), but I will give you a
brief synopsis.

In the United States, the majority of the country pays taxes, therefore
lowering the tax rate is not going to be a further incentive to people to
pay their taxes, because they're paying them in any case.

If the people need any incentive at all, it's simplifying the tax code (a
Republican policy that I, and any sane person, will in implicit agreement
with).