Posted by js on May 16, 2003 at 18:52:42:
In Reply to: Re: Re: Re: Re: Re: Re: Re: From Today's NYTimes posted by Bill on May 15, 2003 at 11:07:36:
The "economy" (unlike the way it is conceived by those who are advocates of higher taxes and larger government) is not a "zero sum game". When smaller percentages of folks' (and corporations') earnings are taken from them, the MORE they will be prompted to PRODUCE.
For instance, if corporate taxes were lowered from around 1/4 of their profits to only about 1/8 of the profits, many corporations would say, "sure, we'll go ahead and declare a profit here in the U.S. and PAY THE TAX." At such time the U.S. Treasury would see more actual money coming in that anyone could ever imagine.
When that finally occurs, the incredible resulting economic stimulus will enable many more of us to afford the TUBAS that we REALLY WANT.
Joe "Just because Unca' Sam takes $20,000 from ya don't mean he's gonna give ya a Yorkbrunner" S.