Topic: Army Equipment Costs to Triple

Maytime · June 28th, 2006

Cutting taxes dramatically is a throwback to the Reagan era (i.e. Reaganomics), which was used to jumpstart the economy in a regression or bad run. The cuts supposedly work by the fact that everyone should theoretically have loads of extra disposable income that they don't have to give to the government, and they can pump it into goods and services, making everyone happy. here it comes...

BUT, taxes are being cut for the wrong people (i.e. rich folk and big business), and not for the lower income brackets, where the effect would be more meaningful and tangible, since rich people will always have money, no matter how much taxes they pay. Money finds a way into their pockets anyway, legal or otherwise.

The other end of the political spectrum would have the government spend more and tax more. I wrote a post a while back about how depression-era government spending brought the economy back by providing jobs to people who couldn't find work in the private sector, and created the "Alphabet Soup" style of bureaucracy we so cherish.

Sorry for that history lesson, but the reason the administration would want to cut taxes is probably a political statement, saying that, "we are Republicans, we believe in small government." There's nothing wrong with that, but I could be wrong.

$0.02

June 28th, 2006
Maytime Centurion	Cutting taxes dramatically is a throwback to the Reagan era (i.e. Reaganomics), which was used to jumpstart the economy in a regression or bad run. The cuts supposedly work by the fact that everyone should theoretically have loads of extra disposable income that they don't have to give to the government, and they can pump it into goods and services, making everyone happy. here it comes... BUT, taxes are being cut for the wrong people (i.e. rich folk and big business), and not for the lower income brackets, where the effect would be more meaningful and tangible, since rich people will always have money, no matter how much taxes they pay. Money finds a way into their pockets anyway, legal or otherwise. The other end of the political spectrum would have the government spend more and tax more. I wrote a post a while back about how depression-era government spending brought the economy back by providing jobs to people who couldn't find work in the private sector, and created the "Alphabet Soup" style of bureaucracy we so cherish. Sorry for that history lesson, but the reason the administration would want to cut taxes is probably a political statement, saying that, "we are Republicans, we believe in small government." There's nothing wrong with that, but I could be wrong. $0.02 __________________ Trust your hang. Last edited by Maytime; June 28th, 2006 at 19:36.