George Gilder - Forbes ASAP Message Board

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Technology Stocks : George Gilder - Forbes ASAP

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To: JF Quinnelly who wrote (129)	10/2/1997 1:35:00 AM
From: George Gilder	of 5853

I answer this argument further on in the thread. Of course, tax rate reductions increase revenues. If they didn't, revenues would not rise whenever the cuts are made. All around the globe, countries with low or diminishing tax rates increase their revenues (government spending) three times faster than countries with high or rising tax rates, because, according to world bank and other analyses, they grow six times faster. To say that higher tax rates bring higher revenues is like saying that a company with a profit problem, because of inadequate demand for the product, can thrive by increasing its prices. I discuss all the data at great length in Recapturing the Spirit of Enterprise, ICSPress SanFrancisco.

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