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Technology Stocks : Dell Technologies Inc.

DELL 138.98

+4.0%

3:59 PM EST

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To: TigerPaw who wrote (163292)	12/18/2000 11:48:11 AM
From: dwdkc	Read Replies (2) of 176387

Tiger Paw....growth followed tax cuts in the past, but the direct correlation couldn't be proven with all of the other activities in the economy. Just as deficits followed in the 80s, but not necessarily because of tax cuts despite what the media chorus has endlessly repeated. Endlessly repeating a falsehood doesn't make it true. Federal tax revenue grew rapidly in those years, but spending (particularly Medicare due to rapid healthcare inflation) grew faster. The Laffer curve may have been wrong in degree (or maybe it was right) but not in principle. Tax cuts and increases can have a dynamic effect by changing behavior

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