I think waxie is letting his politics get in the way a true evaluation, bottom line is tax cuts have proven in the past to stimulate. Gearing tax breaks towards business, he seems to be miffed about that. What is a business? Nothing more than a piece of paper, but what make a business is people, so if he doesn't think helping business helps people, he's sniffing a bit of something....I don't know what. He's also miffed about only 47% and not 50% own stocks, well yeah I bet a lot children don't own stocks, every adult who has held full time employment for a couple years owns some shares either directly or through a pension fund. Then he's concerned about the cost (oh the cost!), the country operates annually on about a 2 trillion dollar budget, over 10 year that would be equivalent to $20 trillion, or a 2 followed by 13 zeros vs. the cost of $370 billion, or 37 followed by 7 zeros. Lets drop the 7 zero's from each number to see the impact. $20 trill turns into 2 million after dropping the 7 zero's, 370 Billion turns to $37. So what he's saying is that for a $2,000,000 budget, $37 would be the straw that broke the camels back? I don't think so.
>> We have become a country that lacks creativity.<< Huh? We lead the world in innovation, cell phones, CDMA technology, space materials, computers, desk top computers, routers, software and on and on, what's the last major market mover that hasn't been from the US? Best I can think of is the horse buggy. People world wide want to invest here because this is where the innovation comes from. |
