Quote:
Originally Posted by TheDoc
You do realize taxes in the early 1960's - 1981 for the top brackets was 70-90% right? Our gov has reduced taxes by 50%.
To JFK our taxes have been reduced ... he wasn't correct.
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I guess what I'm saying is if reducing taxes HELPS the economy when you lower it from a too high rate to a lower rate and for the obvious reasons JFK stated...
Then why would raising taxes HELP the economy?
I was watching some guys on a business show the other day and one guy laid it out like this:
Corporations and businesses NEVER pay more taxes. They simply pass it on to the consumer and/or make cuts in employees. The name of the game is to keep a profit level.
So if that is true, wouldn't it stand to reason that giving Washington D.C. even more money is gonna have a bad effect on the economy?
And if not, could you please explain to me what the theory is that is going to encourage business growth and by extension employment if the govt. takes more money from them and leaves them with LESS.
I don't quite understand how that will work.
And if it does work to somehow have people keep less of their own money. Then why doesn't Washington try the same "great" concept and stop spending so much? If it won't hurt business to have less money, then it shouldn't hurt good ol' Uncle Sam to have less either. Right?