The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: gpowell who wrote (13838)	9/22/2003 10:25:19 PM
From: Elroy Jetson	Read Replies (2) of 306849

I have a degree in economics so I understood long ago that this voodoo you believe in was just a bunch of nonsense. Political hacks claim that cutting taxes will magically increase economic activity and thus supply the missing taxes. Grace A. Zaccardi has been waiting for more than twenty years for this magic voodoo to kick in after the Reagan tax cuts. It hasn't happened yet and it never will. Tax cuts do not increase wealth unless accompanied by spending cuts. None of your voodoo incantations will ever change this - no matter how many decades you wait in naive expectation.

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