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Originally Posted by Guest
History shows that there are two ways to get the same result when it comes to tax revenues.
You can increase taxes.
Or, you can decrease taxes.
Sounds like a contradiction, but it is not. Increasing taxes does increase tax revenues, but stagnates the economy. It will show with a reduced GDP growth.
Reducing taxes properly, increases investment and spending which increase profit and thus increases tax revenues. This increases the GDP growth which in turn makes for a better standard of living.
I realize that this is simply put and not the details and figures that the so-called "experts" want to hear, but if you look at history you will see it works out like that. If you need figures to support what I said, you can get them from the gov. websites such as Treasurydirect.gov.
Both sides of the argument are right. Raising taxes really does increase tax revenues, and lowering taxes also raises tax revenues. The second takes longer to realize because the increased tax revenues are more of a delayed gratification in that the investments, hiring and profits from sales have to increase before the actual increase in tax revenues are realized. The difference is that the economy is stronger with the second, as well as the standard of living increase.
Like someone else stated, the gov can either have a large piece of a small pie, or it can have an equal sized piece of a LARGE pie. The large pie satisfies the gov belly as well as satisfying the bellies of more of it's citizens.
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You know what else STAGNATES the economy? Having so many needy minorities that HALF the country receives something from the government. It's unsustainable.
Nobody wants to hear it...but an ever increasing minority population, an ever increasing POOR population...ALWAYS results in the destruction of the native culture and the country.
"if you look at history you will see it works out like that" Always.
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Originally Posted by Guest
I moved down from Minnesota. My taxes were extremely high then and since I left governor Dayton ( family owned Target) increase taxes to such an extent Minnesota became the 6th highest state for taxes. The Governor for Connecticut out did Dayton and residents are actually finding relief in Massachusetts. why do you think so many retirees leave such states? Taxes Taxes Taxes
My view concerning taxes in general is the more you are tax the more politicians will spend. Simply stated money that flows into the private sector stimulates productive growth . Tell me how government makes us richer? You can't count income redistribution. The degree of abuse, fraud and misguided spending by government is just astonishing.
Personal Best Regards:
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They spend WITHOUT the tax income to pay for it...over $1 trillion a year is borrowed.
Government TAKES and eventually it ALL ends up in the hands of the already wealthy.
Yes...the degree of fraud IS astounding...they should ALL be tried and hung...EVERY ONE of them is a crook...they just haven't been caught yet.