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Old 02-07-2009, 03:58 PM  
Paul Markham
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Join Date: Jun 2001
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Have the people who think tax cuts are a solution been on a desert island for the last 8 years?

We've tried that and it did not work. So let's cut taxes again and see if it works this time.

Reality.

Government needs $XYZ to run the country.
They will not get this from the expanding economy.
Most of that money should be spent in the country which provides jobs for workers. (OK GWB fucked that one with Iraq.)
Those workers earn money and pay taxes.

Giving tax cuts allows people to have more money in their pockets.
So they go to the malls and buy imported goods.
Employs a shop worker in the US and a factory worker in China.

OK in both instances there are variables, the Government does spend money overseas and they will buy Chinese computers or similar. But they are more likely to spend more of the money fueling the economy in the US than tax cuts will. The only way out of this short term is more investment inside the US, getting people to work. Long term better schools to train people and build the manufacturing base. Think about what you would spend an extra $100 a month on.

How much of it would be spent on something that will long term benefit the US and how much would be spent on imported goods?

We have had tax cuts for 8 years and look how great it worked.

Last edited by Paul Markham; 02-07-2009 at 04:03 PM..
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