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- Dec 9, 2009
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You seem to think you know a lot more than you actually know. The truth is that economists have studied these things and it's clear that tax cuts are among the least efficient means of stimulating the economy. That is true for the fairly obvious reason that many people who receive a tax cut will not put the money back into the economy. A number of people will put the money in a savings account. Others will pay down debt. Laudable things to do, for sure, but not the inetent of stimulus.
Yes, it is my opinion that if you raise someone who makes $400 million a years taxes by 3%, that person is not going to start cutting his own lawn and cleaning his own toilets because of the additional tax burden. If you think that's not true then you aren't thinking rationally.
See, here' the deal: we have a choice to raise taxes on someone who has virtually no disposable income, or we can raise taxes on someone who has a sh*t-ton of disposable income. Seems like kind of a no brainer to me.
Economists don't pay for individual living expenses, take home pay does. Not sure what economists you are paying attention to but I can provide you a list of economists that disagree with you as does logic and common sense. There are four components to GDP, figure out what they are and how much they contribute. Once you figure that out you will understand why tax cuts benefit the economy.
The stimulus program by all measurement has been a disaster and the results show it. Obama spent over 800 billion dollars and created economic growth for a couple quarters in 2010 then that died out and we have the current very poor economic growth. We were left with 4 trillion added to the debt. Maybe when liberals complaining about not enough taxes being paid get out into the real world and start paying those taxes they would then better understand what a mess Obama has made.
Are you telling me that someone making any income cannot pay something to the Federal govt. for the services they receive? Sounds pretty naive to me.