Comments on: Republican Tax Policy

By: Randy Cox

Randy Cox — Sun, 28 Nov 2010 17:23:00 +0000

I’m not that good with math, but I do understand logic. It never made sense that capitalists would invest more while their factories were idle. Why would a widget builder build more widget factories when the ones he already has is sitting idle.

Lowering tax rates would stimulate the economy if the tax rate was so high that capitalists can see no prospect of return. When the rate is relatively low, that will not restrict their attempt to make more. The idea was appropriate when the rates at the top level were 90% but not at today’s low rates.

The logic is bogus and they can provide real figures to back up their idea.

By: thoughtbasket

thoughtbasket — Wed, 15 Oct 2008 23:40:41 +0000

I totally agree. There must be a ton of spending that could be cut, and that even Democrats would support cutting, but without digging into the details it’s hard to make suggestions. It may be time to dig up Al Gore’s reinventing government work.

By: paulpaulson

paulpaulson — Wed, 15 Oct 2008 23:18:54 +0000

The quote from Frankel sums it up perfectly: that Reaganomics are possible from a theoretical viewpoint, whereas in reality the two best ways of increasing revenues are to either increase taxes, or to possibly, just maybe, reduce expenditures. I hardly think that every item on the national budget is absolutely essential, and there are cuts in spending that can be made without impacting social programs. The biggest item by far is, has been, and probably always be, defense. I’m not going to get into the Iraq/Iran debate; just stating the fact of the matter.