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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (359919)	11/24/2007 7:52:17 PM
From: Tenchusatsu	Read Replies (3) of 1574736

Z, > Did I say that? I don't think I did. But I can say that pathologically lowering taxes is part of a really irresponsible fiscal mentality that manifests itself in several other ways... and it doesn't help the economic problems we have, to be sure. Here is what you said: > Bush made the tax cuts and lowered the taxes on the rich without any regard for the economy, and look at the mess we're in now. The whole idea of tax cuts is to keep an economy rolling by having the government impose as little of a drag as possible. By itself, the economy will experience economic cycles, but if you ignore the impact taxes have on that cycle, you might as well hike up those taxes and see just how much worse you can make things. > Not quite. I mean, I drive a Lexus, but I don't have any wealth to speak of. It's safe to say that our cars represent wealth. You and I could have been just fine driving a Prius or Sentra. In any case, your belief is that we're in a recession, despite the fact that the GDP has been increasing steadily for years now. You're mistakening a general mood of pessimism for a recession. Tenchusatsu

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