Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: EL KABONG!!! who wrote (28021)	1/27/2003 10:28:22 PM
From: Muthusamy SELVARAJU	Read Replies (1) of 74559

Kerry, It seems such a shock that the 'less government, less taxes wave' that Reagan started in the US so quickly has come to a stage of 'now it is time to pay the piper'. Having lived in both Europe (Switzerland/UK) and Asia (Singapore/Malaysia), and travelled to most of the countries in these regions, I feel safe to say that most countries in these regions, however difficult their economic circumstances, did not go down this path of reducing income taxes by substantial amounts at all levels, on this 'hard-to-measure' promise of less government. Can this problem be 'fixed' soon, if not, how long will it take? And in the meantime, what are the social, economic, political implications for the US?

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