The Bush tax cuts will be extended because they are backed by both parties. It makes sense to do them because it's not a lot of money individually, so it will be pumped right back into the economy.
John -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Stephen Russell Sent: Monday, December 12, 2011 10:47 AM To: ProFox Email List Subject: Re: [OT] How Gingrich will solve economic problems On Mon, Dec 12, 2011 at 10:21 AM, john harvey <[email protected]> wrote: > Tax cuts stimulate the economy, because those of us who get them . . . > spend them. So, the money goes right back into the economy. Tax > increases drive major corporations to take their business to distant > shores, and private citizens hunker down and don't spend. --------------- That is cycle dependent. The spending part of your statement. We are in a recession and the mindset is to hunker down and conserve. That flattens sets the growth to negative values. Those who have vast collections of wealth have no problem here as long as the values of those collections are not ripped out from under them. Case in point banks closing to start the great depression. Today the very wealthy rebounded in 2007-8 and are riding out the conditions. They are generating strong cash holdings. Isn't that contrary to your presentation that they are just spending all that money? Now to bring that forward to today. Why would a retail store continue to have many sales at the same time that cost the retailer cold hard cash? Instead they would have them spaced out one or two a week just to get the shoppers in their store. So why continue the Bush Tax Cuts when we all know that there is NOT ENOUGH $$$ coming in? All these people who want a businessman as a president because he/she will have a heads up on how to run something. They would have to stop the bleeding on the revenue side. > The only tax increase I would be in favor of is one that raised taxes > on people who haven't been paying. We should ALL share in this pain, > even if it's only a pittance. Nobody should get a totally free ride. I > would be in favor of taking taxes out of the free handouts we are > giving to people so they would have a clear understanding that paying > taxes is or should be universally painful. ----------------- A consumption tax? Just another tax in the end. None of us like them do we? -- Stephen Russell 901.246-0159 cell [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
