Steve's Channelling Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (7198)	11/5/2000 4:39:54 AM
From: Steve Lee	Read Replies (3) of 30051

Zeev and Sam, Without a thorough economic grounding, I don't understand the correlation between tax cuts and higher rates. Also, is it not possible that a lower rate of tax can have the effect of increasing output which more than outweighs the lower rates bringing higher or equivalent total tax revenues. EG, If my tax rate went up to 98% as has been the top rate of tax where I live previously, I would make sure I have no earnings in this country. And then my country would have to go begging to the IMF like it did last time taxes were ludicrously high. BTW, at that time, inflation was pretty high too. (I was not observing at the time so can only rely on the little I have read about that part of history).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next