Thread: 10 Tax facts the politicians will not tell you.
View Single Post
  #12 (permalink)  
Old 01-30-2008, 06:07 PM
Fear-And-Loathing's Avatar
Fear-And-Loathing Fear-And-Loathing is offline
Commentator
  
Join Date: Oct 2007
Location: London Massive!!
Age: 19
Posts: 1,514
usa uk city of london
Fear-And-Loathing is a splendid one to beholdFear-And-Loathing is a splendid one to beholdFear-And-Loathing is a splendid one to beholdFear-And-Loathing is a splendid one to beholdFear-And-Loathing is a splendid one to beholdFear-And-Loathing is a splendid one to beholdFear-And-Loathing is a splendid one to behold
Credits: 9,026
Default
The main problem I think is that the lowering taxes solution is a long term solution to this problem. I say problem because as it stands we owe $1,000,000,000,000 to the Chinese. We'll get over it sure, but we'll need to raise taxes to get rid of this. With this huge debt on our economy we'll be hard pressed to encourage foreign investment. A huge debt adds skepticism to the health of an economy. Sure, after we balance the books (by raising taxes for the short term) then we can think about lowering them.

What I'm saying is that increase for the short term, but rationality points to lowering our taxes to encourage growth after we have paid off our outstanding debts.
__________________
I'll tell you this no eternal reward will forgive us now for wasting the dawn
Nothing to kill or die for and no religion too
You may bury my body, down by the highway side,
so my old evil spirit can get a Greyhound bus and ride.
Reply With Quote