Albion
Facilitator
- Dec 8, 2004
- 111,127
- 33,263
- Country
- United States
- Gender
- Male
- Faith
- Anglican
- Marital Status
- Married
How far do you have to cut taxes before you see this magic start happening?
Not far.
I agree, but the point up until now has been only that cutting taxes either does or does not help the economy--depending on who you believe. All the tax cuts in recent history (such as occurred under JFK and Reagan) led to improved economies, however. And look at our current US economy...taxes up, highest corporate taxes in the world, and an economy stagnant for the longest period in US history. It's not for nothing that it's called "the great recession."Even if true, it's not unreasonable to ask where that increased revenue is going.
Do you want to improve the economy or spread the wealth? I was responding to someone who posted, incorrectly, that the way to help the economy was to increase taxes.If only a tiny minority are able to reap the rewards, then it's much more difficult to justify aggressive tax cuts.
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