
Didn't we cut taxes and regulation between 2001 and 2008? What happened to the jobs we were promised?
Or could it be there are factors more important in economic growth and job creation than 3-5% in the marginal tax rate? No one serious is (yet) talking about restoring Eisenhower-era 90% tax rates or Carter-era 70% tax rates. So acting like today's Democrats are some sort of 1970s caricature isn't going to work with anyone under 40, really, because they Democrats they are aware of -- Bill Clinton, Barack Obama, etc., aren't like that. |
Taxes are probably at a reasonable rate now but too many pay no taxes. The spending is out of control and THAT is the issue. Its gonna get ugly if they continue to print money to pay it (buy Gold). Or if they cut drastically(tough medicine). The tough medicine would hurt very bad in short run but recovery would come quicker and prove us to be competative and vibrant in a short period. The monetization route will lead to long term depression-like senarios. |