 merrie says: Why are the treasuries of Hong Kong and Singapore flush with revenue? Why have the U.S. and Britain shown tremendous growth since Reagan and Thatcher while Continental Europe with their pseudo-socialism putters along with chronic double-digit unemployment? Go around the world these last 25 years and compare nations with high tax rates to countries with low tax rates, you'll find a pattern. Growth produces wealth, which leads to higher tax revenues and a more prosperous nation. Less growth produces less wealth and in turn lowers tax revenues. High tax rates retard economic growth; low tax rates encourage more growth. It really isn't that complicated. Seriously. The Washington Post's Sebastian Mallaby The Return Of Voodoo Economics http://www.washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051400806.html Bush Should End This Tax Cut Myth http://www.washingtonpost.com/wp-dyn/content/article/2006/05/07/AR2006050700924.html Why is Ireland hoping that Obama is elected? So they can have even more of our companies relocate there... This has to be one of the biggest disinformation (others call it lying) effort taking place in recent history. John McBush will continue the tax policies of George W. Bush that have resulted in the largest federal deficits in the history of the U.S. Obama returns those households who make over $250,000 a year to the tax margins they paid in the 90's under Bill Clinton. And boy weren't the 90's really horrible times? We would kill to have an economy like we did in the 1990's under Clinton. Furthermore, Obama makes several tax cuts for middle and lower income families and businesses. Running record breaking deficits as Bush and McCain will do creates inflation, makes the dollar weak, and p... |
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