Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (623592)	8/9/2011 11:56:29 AM
From: TimF	2 Recommendations Read Replies (1) of 1578097

If you explain how not spending improves business... Easy. If you spend money you either tax it, pulling it out of the private sector, or borrow it which pulls it out of the economy as well (unless you have a massive amount of money flowing in from other countries, and even that money is money that could have bought American products but instead feeds the government), while also (at current levels of debt and deficits) creates fear for the future, and is one more factor discouraging hiring and large long term investment. With transfer payments fewer resources are actually consumed by the government, but it does consume some in the process of transferring them around, and it still discourages investment and hard work by those with skills in high demand since they are hit with the highest tax rates and face the prospect of those rates going up (since the Democrats are pushing for higher taxes and since high debt creates pressure for higher taxes even if there is no way higher taxes can be enough).

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