SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (196890)8/24/2004 5:43:43 PM
From: TimF  Read Replies (1) of 1574094
 
re: The government isn't a business.

It sure is.

No it isn't. Government doesn't have costumers that can buy or not by from it, it orders its citizens to pay and decides what it will provide.

Higher taxes, every economist knows that's whats in the future. Do some reading on the subject.

I've done quite extensive reading on economics. No one knows what is in the future. Future economic growth or spending cuts (or even just slow downs on the spending increases) would be factors. Yes if spending keeps growing at our current rate and the economy grows very slowly or not at all then tax increases will happen. But no one can reliably predict the course of the economy.

Yes the borrowing now will be paid for later. That might cause future tax increases. All the borrowing now is not a good thing, but that doesn't change the fact that taxing now also causes harm to the economy just as borrowing a lot now does. If you borrow now you will have to tax later (even if economic growth is very strong and you don't have to increase taxes you will be less able to cut taxes later), if you tax now you will slow down the growth in the economy and thus slow down the growth in the tax base. Instead of arguing about borrowing versus tax increases what we should do is cut government spending.

Tim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News