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    Shostakovich fan Feanor's Avatar
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    Quote Originally Posted by thekid View Post
    ...

    I am not aware of any good business people who decide to expand or contract their business based largely on tax policy. Market conditions, competition, technological advancements and to some degree regulatory requirements are much larger factors than tax policy to business. There is historical evidence to support this as the wealthiest people have been taxed as high as 90% during times of economic prosperity. If lower taxes actually produced substantial economic stimulus then every President who was ever faced with a recession would have just lowered the effective tax rates. Saint Ronald raised taxes several times during his time in office but this largely seems to have been forgotten.
    Stop It !!! Just too much damned common sense.

    A little more common sense will tell anyone but the staunchest idiot that it isn't lower taxes that companies need to start investing -- it's customers. The major underlying cause of the current recession is that typical Americans (and Canadians) have faced stagnant real incomes for 30 years and declines in the last decade.
    Last edited by Feanor; 08-27-2012 at 05:07 PM.

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