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Politics : PRESIDENT GEORGE W. BUSH
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To: Oeconomicus who wrote (504453)12/5/2003 4:22:22 PM
From: sea_biscuit  Read Replies (2) of 769670
 
Yes, and the best way to do that is to trim the payroll taxes, which are applied to every dollar, starting from zero.

Cutting taxes to the rich at a time of global excess capacity isn't going to cause any investment, for the simple reason that it makes no sense to invest when there is excess capacity. At best, it can create speculation (and looking at the ride back to the maniacal valuations of 2000, it appears that it indeed has) and whenever there's speculation, it is the little guy that gets screwed.
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